How well a company can recover from a disaster often hinges on the quality of the recovery plan. And as Joshua Gold and Lawrence Bartelemucci of Anderson Kill & Olick point out in a new article, this plan needs to be in place before a disaster strikes. In order to develop the most effective plan, certain key considerations, both from an insurance perspective and a property perspective, must be addressed. Developing a checklist of these items can make all the difference. For example:
- Is your space worth rehabilitating? If it is, then your company will need to contract for design and construction services to rehabilitate the current space or rebuild on site. If the space that will be rehabilitated is leased, your company needs to coordinate its efforts with the landlord.
- If it is not worth rehabilitating, then your company must consider how it will dispose of the space (for example, selling the property or cancelling the lease), and how it will acquire new permanent space. In addition, your company will need to contract for design and construction services for its new space. This process should involve a zoning analysis to ensure that your company can build what it needs and conduct its operations on the chosen site.
For more insight, be sure to check out their article, only on RMmagazine.com.
Gentlemen,
Great article! We strongly agree that a recovery plan is essential in successfully overcoming a disaster. Further, a business contingency plan and continuity management program can make all the difference in whether your company thrives or struggles post event. Often times we see clients fail to properly plan and consequently struggle with recovery. Through teambuilding and proper analysis, business continuity management systems and contingency plans for emergency response restoration can be created and maintained so that your entity can react to, manage, and then leave behind the effects of a disaster. Having a partner in place before a disaster occurs allows for a faster response and increases the chances of saving the building and ultimately getting back to business quickly. The issues you address in your article should be addressed in good planning.
Holly