fbpx

The Philippines is one of the world’s most disaster-prone countries and when typhoons, floods, earthquakes, and landslides strike, every aspect of society is placed at risk. While one cannot control the forces of nature, one can put into place measures to mitigate the worst effects. Protecting one’s business in such circumstances can be a huge challenge but if one knows how to plan and prioritize, one can be better prepared to face these obstacles.   This is #SafeInAStorm SIKAP’s series about protecting your business during disaster-related disruptions! These blogs will provide practical tips on boosting your disaster resilience in the different aspects of your business.   Part 1: Protecting Your Employees Part 2: Protecting Your Customers   Part 3: Protecting Your Assets   Securing your assets during a disaster can be a tremendous challenge and you must prepare as much as you can beforehand to prevent your materials, equipment, and products from getting destroyed. While you may not be able to save everything when a particularly vicious disruption occurs, by taking some precautions and making the right choices you will be able to still save some of your assets so that your business can recover after a calamity.   Here are some tips to help you protect your assets and minimize property damage:  

  • Maintain and update your inventory of items and equipment. It is recommended that you have photos of each asset and that you secure the inventory files off-site.

 

  • Review your insurance coverage and make sure that your existing insurance policy covers disaster situations. Conduct a risk assessment to identify if you will need additional coverage.

 

  • Make sure that everything is backed up. Organize and store all important paperwork in an off-site location and make copies if necessary. Some documents you will need to keep safe are insurance claims, payroll information, and tax forms. Also make sure that you regularly backup critical software and data.

 

  • Keep your servers and other vital equipment in the protected areas of a building, preferably in places that are resistant to natural disasters such as storms or earthquakes.

 

  • Reinforce the vulnerable areas of your buildings by adding supports to garage doors or bracing and strapping the roof.

  These tips mostly apply to physical assets but, of course, every business has vital data that needs protection as well. We will be tackling the different ways of securing your data in the next blog. All these steps should be a part of your business continuity plan, more details of which will be discussed in future blogs.   Stay tuned for more practical tips and advice on how you can keep your business #SafeInAStorm #SIKAPMSME #ResilientMSMES #ResilientPH     Sources: 1, 2, 3 Photo by James Sutton on Unsplash