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Personal Finance

Disaster Planning Complex for Businesses

Wednesday, April 05, 2006 4:18:57 PM
By JOYCE M. ROSENBERG

NEW YORK (AP) - After Hurricane Katrina devastated the Gulf Coast, many small business owners around the country realized they could be vulnerable to the same kind of destruction that left thousands of companies paralyzed for weeks, months or even indefinitely.

Disaster preparedness is now more of a priority — but many of those who are implementing plans learn that the process has become more complicated post-Katrina. While backing up data and buying business interruption insurance are still critical, so, for example, are ensuring that employees can still communicate with one another despite a telecommunications outage, and so is choosing a remote work location that can accommodate most if not all of a company's staff, and for an extended period of time.

Even Gulf Coast companies that had plans in place when Katrina struck found that their disaster prep wasn't adequate.


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