When disaster strikes, a small business can be stuck with a hefty bill. Lately, it seems like superstorms and natural disasters of all varieties are occurring at an exponential rate. Despite the wide variety of threats that risk the infrastructure of a small business, the fact is that many companies are not prepared. As a small business owner, it can be tough to prepare for everything. However, being prepared can help your business be more equipped to handle disaster and the rebuild that may follow.

Create A Contingency Plan

At a minimum, your contingency plan should include policies and procedures on the actions to take in the event of any disasters. Alternative work locations, a list of 24-hour emergency numbers, and how to contact staff members are other elements to include in a plan. Don't let an unexpected disaster forces your business to close its doors.

Don't Wait It Could Cost You

Have you ever heard the saying "A day late and a dollar short"? That's how many small business owners feel when a storm is looming, and they have not prepared. When you notice a storm is coming, the things essential for storm prep creep up in price all of the sudden. You may also see an increase in contractors' fees if they are in the middle of a storm rush. Preparing when work and supplies are in low demand can save you tons!

Try To Prevent Lengthy Repairs

Make sure you have your building inspected for problems that may present themselves during a storm. These areas may include:

• Your roof
• Structural integrity
• Plumbing
• Secure entrances and exits
• Landscaping

Purchase A Generator

These days generators come in many sizes and can vary significantly in cost. Decide what items are essential in order for you to operate in the event of a power outage and pick a generator that will sustain that amount of energy. Many companies opt for standby generators. These generators are a great hands-off approach to keeping the power on. They sense when you've lost power and automatically turn on and supply power to the things you've designated.

Insurance May Not Cover All Repair Costs

Most businesses have insurance for damage and other major and minor disasters. Although insurance may help cover damage, legal fees, or additional emergency costs, there are likely still be costs that are not covered. In Addition, insurance companies may take days or weeks to pay claims. Once you call, it may take some time for the representative or the adjuster to come and survey the damage, depending on how many other claims are being filed and how the insurance company schedules appointments. This is time you don't have when your income depends on being able to run your business.

Fast Funding Can Get Businesses Back On Their Feet

When cash is needed to repair the damage, a storm has caused, every day of waiting is a day you lose money, inventory, or both. The sooner you can get repairs made, the sooner you can reopen your doors and get back to business as usual. Merchant cash advances can put money in your hands in as little as 48 hours, compared to weeks or months with bank loans, crowdfunding, or other methods of financing. Because they are based on the business's sales track record and not on a credit rating, merchant cash advances don't require collateral or good credit to obtain.

Disaster recovery can be costly, and we can help!