Ideas for an Effective Disaster Recovery Program
For a company struck by disaster, whether it be from natural causes like a hurricane, flood, tornado or earthquake; or unnatural causes such as fire, explosion, equipment failure or theft, an ingredient crucial to survival is preparedness. However, if disaster planning were as simple as that, far fewer companies would be so severely devastated by such losses.
In fact, because there are aspects of catastrophic losses that even the most seasoned managers would not believe possible, we’re convinced that one of the most important keys to survival is expecting the unexpected part of a catastrophe; especially when completing your disaster recovery planning program.
Although most firms accept the need to pay insurance premiums, they too often rate their coverage on its cost rather than by taking the claims perspective of how the policy would actually perform in the event of a disaster and loss.
Emergency management (or disaster management) is the discipline of dealing with and avoiding risks. It is a discipline that involves preparing for disaster before it occurs, disaster response (e.g., emergency evacuation, quarantine, mass decontamination, etc.), and supporting, and rebuilding society after natural or human-made disasters have occurred. Wikipedia
The most important part of establishing a comprehensive disaster recovery program should be adopting the philosophy that you can best protect your firm not just by assuming that you’re covered, but by digging deeper into potential problems and exposures - by expecting the unexpected part of the unexpected when engaging in disaster planning.
This issue of Adjusting Today is intended to stimulate your thinking about effective disaster planning and what could actually happen to your organization during and after a disaster, and that by considering these possibilities now or the next time your insurance program comes up for renewal, you will be better prepared to deal with the unexpected part of the unexpected disaster.
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Adjusting Today is provided free of charge as a public service by Adjusters International, Inc., disaster recovery consultants. It is provided for general information and is not intended to replace professional insurance, legal and/or financial advice for specific cases.
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