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08/21/2024

Be Prepared With a Disaster Preparedness Plan

Source: Federated Insurance, August 20, 2024

Don’t let disaster preparedness be an afterthought following an unpredictable event. It’s an essential practice that business owners can use to help effectively manage risks and minimize losses. 

By creating and implementing a comprehensive disaster preparedness plan that includes risk assessments, preventive measures, and effective claims management protocols, businesses can better secure their operations to help reduce property or financial losses.

The Benefits of Planning Ahead 

Having a well-thought-out disaster preparedness plan can be crucial in identifying potential hazards and vulnerabilities before they turn into costly emergencies. Business owners may want to consider the following actions to help them further prepare in advance by:

Risk Management for the Future

By implementing a comprehensive disaster preparedness plan, you can help safeguard your business and assets, educate your employees, and be ready for potential business interruptions in the face of unforeseen events.


The Association's Disaster Mutual Assistance Plan (DMAP) Program is Like Insurance – It's There in Case You Need It.

Fortunately, printers do not often experience a disaster which interrupts their business operations but occasionally it happens. Storm damage, floods, fire, equipment breakdown, labor disputes, cyber-attacks, or other regional or national disasters can bring production operations to a screeching halt and prevent or delay a company from fulfilling its customers’ needs. Companies can buy insurance to cover the cost of the damage and recover the cost of additional business expenses, but still must serve their customers. If we don’t meet the customers’ needs quickly, everything else becomes unimportant.

Printing businesses may also find that having a contingency plan in place is required by some customers before they can enter into a contract or place an order with the company. DMAP certificates have been used to fulfill this requirement, at no cost to Association members.

Participants in the DMAP program are asked to complete an Equipment Inventory and sign a Confidentiality and Non-Compete Agreement. Participants agree that in the event the Association calls them on behalf of another member needing assistance, the participant will respond favorably by offering to perform the services needed in a confidential manner subject to the following guidelines:

We also have a Disaster Planning Mutual Assistance Guide to assist with planning your company’s course of action should you experience a business interruption. Planning and preparation will help smooth your journey through any potential adversity.

To learn more about the DMAP program, contact your BDD or the GMA office at 614.794.2300.

 

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