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Small Business Owners Unprepared For Disaster

Written by Ken Gaebler
Published: 6/30/2010

As summer storms begin to form offshore, research shows that many small business owners aren't ready for a disaster.

A recent survey says that small business owners are unprepared for a possible disaster - bad news for small business owners as hurricane season begins to gear up.

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A recent survey by Travelers Insurance found that just 44 percent of small businesses have a continuity plan - laying out what they plan to do in case of a disaster.

The U.S. Small Business Administration says that for small business owners, even shutting down for a couple of days can be a serious problem. The agency advises companies in higher-risk areas to consider alternate business locations in the event of a natural disaster.

Officials also said that small business owners should make sure they have copies of critical documents and files stored off-site.

The agency adds that entrepreneurs should make sure that their insurance policies are up-to-date, and they have easy access to their insurance agents' contact information.

Forecasters are predicting that the summer of 2010 will be a more active storm season than in years past. The National Oceanic and Atmospheric Administration predicts that there could be as many as seven major hurricanes this season.

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