Today’s session on Disasters and Recovery was led by Eric M. Rigby.

Eric Rigby is a Louisiana native with more than 20 years of experience in Accounting, Tax services, Business consulting, Dispute resolution, Financial planning, and wealth management. Prior to forming Rigby Financial Group, he gained extensive experience with global accounting firm Ernst & Young, as well as a large New Orleans CPA firm.

Plan for disaster BEFORE it happens! There is NO substitute for preparation!!!

Disaster comes in many forms and usually at the worst possible time. When? Well…usually when you are not prepared for it.

Some forms of disasters are: Floods, Ice Storms, Hurricanes, Fires, Earthquakes

Identify vulnerabilities and threats: One should list the disasters most likely to affect the business and conduct a business impact analysis for potential emergency scenarios. This should be done as one of the very first steps in creating the DR plan.

There is NO substitute for preparation: Plan for disaster before it strikes your business. Test your systems and procedures regularly. Review insurance and keep cash on hand. Exercise your DR plans regularly to make sure that employees are well trained and prepared to deal with a disaster when it strikes.

Good DR plans usually take some time and effort to compile, but they sure do pay off when disaster happens.

It is very important to involve every department in the company when developing a DR plan and have a complete support of the key memeber of those departments!

Here are some key tips for disaster planning:

  • Plan for evacuation
  • Designate key staff as emergency coordinators, delegate response roles for all team members
  • Maintain up to date contact information
  • Location and numbers of nearest police & fire stations & hospitals
  • Designate a phone number, voice mail or other way of team members to check in after an emergency
  • Review insurance loss coverage, assess business interruption coverage, note records required by insurers in the event of a disaster
  • Practice continuation agreements
  • Have detailed checklist for business resumption
  • Identify potential relocation sites
  • List of key clients and vendors in case of a temporary move
  • Make sure you have a secure, off-site backup system in place
  • Use remote access systems (VPN, Citrix) to resume work as quickly as possible
  • Have a secondary internet provider
  • During and after the recovery phase, make sure to: let your clients know that you are up and running again and file insurance claims

Disaster Planning Resources kindly provided by our speaker, Eric M. Rigby:

American red Cross – www.redcross.org
Small Business Administration – www.sba.gov/disaster/getready.html
Institute for Business and Home Safety – www.disastersafety.org
Business Continuity Institute – www.thebci.org
Disaster Resource Guide – www.disaster-recource.com
GlobalContinuity Group – www.globalcontinuity.com
Disaster Recovery Journal – www.drj.com
Contingency Planning – www.contingencyplanning.com
Emergency Management guide for Business and Industry – www.fema.gov

Related Posts: