There a many threats to your business such as competitors, cash flow issues or a lack of customers, which are usually focused on heavily when it comes to strategizing for the future. However, one thing that many don’t spend enough time on is preparing for physical threats to a business and in particular, flooding.
At present, around 27% of all commercial properties in Britain are at risk of flooding and that could be yours. It’s estimated that 40% of businesses that suffer catastrophic flooding never reopen their doors with the cost of repairs simply too much to handle.
With so many businesses at risk of flooding in the UK, having a plan in place to cope with the damage is a must. So, if your business is one of the unfortunate 1 in 4 at risk of suffering a flood, follow our tips below to come up with a plan to save your business from potentially disastrous effects.
The first stage of building a strategy to combat floods is to perform a risk assessment. This is where you identify all the possible ways a flood could impact your business and how you can overcome these obstacles. Your risk assessment should be shared with your team, so everyone is aware of the dangers that may come with a flood.
Implementing Preventative Measures and Infrastructure
Next, it’s time to put your plans into action, so you can put the correct measures in place and build the correct infrastructure. Some of the things you can do are install flood barriers, reposition critical equipment to a place that is less likely to be flooded and waterproof your business.
You should also invest in equipment that can be used to remove the flood such as a water pump, which can limit the damage caused.
Data Protection and Business Continuity Planning
Most businesses store all information on digital hard drives in 2023 but flooding could destroy these. We recommend uploading your data to a secure cloud-based document storage and putting your company’s data on several hard drives for high-ranking individuals to hold onto. This means that your business should be less threatened after a flood and can continue operating once your premises have been restored.
Employee Training and Emergency Protocols
Your employees need to be looked after during a flood too, so creating an effective emergency plan is vital for them. Make sure you have designated flood evacuation zones and keep up regular training, so they feel prepared when emergency strikes. Failure to do this could lead to injuries and even death, which is something you’ll want to avoid to keep your reputation as an employer high.