Power outages can wreak havoc on electronic files. Safeguard your personal and business assets by taking the following steps:
Back up your records electronically. Keep a set of backup records stored away from the original set. Remember to scan paper documents into an electronic format!
Document valuables. Photograph or video the contents of your home or business, especially items of higher value, to prove the market value of items for insurance and casualty loss claims.
Update emergency plans. Emergency plans should be reviewed annually and distributed to all employees. Don’t forget the new hires!
Maintain current contact information for employees and customers. Ensure that you can communicate with employees and clients in the event of business disruption. Email is your best method when the phones are down!
Know how to get help. Federal and State agencies can offer assistance, such as FEMA, the Small Business Association, and the Department of Homeland Security. IRS publication 2194, Disaster Resource Guide for Individuals & Businesses, contains information and form needed to claim a casualty loss.