I was woken up about 5:30 EST today (around 4:37 central time) when I heard an unusual noise and it seemed like someone had tried to break into the house. I listened for some time, and after a few minutes went back to bed.
It was only later that I found out it had been an earthquake, as where I live experienced the shaking associated with it.
With this happening so seldom in this part of the country, it did make me think of precautions we may need to take in order to protect our businesses.
A couple obvious things is to either check out our insurance policies on the property we own, or the leases we have if we rent. We want to make sure our businesses aren't subject to a catostrophic event that we're not covered for.
It's also something to consider if we operate our businesses out of our homes.
While most businesses should be protected in general, we do need to consider what would happen if the building we work out of was damaged to the point of having to close it down for a period of time. That, more than slight damage, is what we need to have contingency plans in place for; as well as insurance coverage that will tide us through financially if it does happen.
This is just a reminder that no matter where we live something can happen which can be difficult to overcome for our businesses, as far as what are called "acts of God" by insurance companies. Being prepared for the worst will go a long way toward not having something unexpected like this earthquake destroy what we may have worked for for years.
We may get money back for damage to a building, but we should have an alternative plan in place which will allow the business to resume as quickly as possible. That more than anything will determine whether a business will survive.
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