Have you considered your flood recovery plan?
Don’t dilute your flood recovery plan
At bira insurance, our focus is to keep you in business. We have helped retailers stay afloat when extreme weather events have damaged their business.
We’re calling out to bira members to help you review your flood defences as we have witnessed the wettest winters on record in the past few years which have resulted in severe floods.
Your business continuity plan for flood defence needs to be communicated to all staff. They need to know the plan and understand their role in it. Flood plans should be periodically reviewed and a copy of the plan kept offsite at an out of risk location.
It is unlikely that businesses at risk can relocate to safer areas. This is why it’s important to evaluate actions to limit damage and improve the speed of business recovery. The actions we have found can make a difference are listed below for you to decide which ones are practical for your business.
- Install demountable purpose made flood barriers or boards to doors and other openings.
- Easy access to install automatic flood proof air bricks or the provision of specially designed air brick covers to prevent water ingress.
- Fit non-return valves or backflow valves to drainage systems.
- Install resilient flooring.
- Raise electrical fuse boxes, sockets, controls and wiring above likely flood levels.
- Locating key stock and contents (including IT and Telecoms equipment) at a higher level. Ensure data and software is backed up regularly and stored offsite – in a place which is unlikely to be affected by the same event.
- Anchoring fuel and other liquid storage tanks to prevent flotation.
The bira insurance policy covers business interruption insurance cover which will take care of your lost income. You can then focus on your business recovery with these basic steps.
- Keep a record of equipment and contents to speed the purchase of replacements.
- Agree alternative premises for staff and storage if necessary.
- Maintain contact lists including commercial estate agencies (in case temporary relocation is necessary) as well as builders, contractors, IT specialists etc, so that reinstatement of the damage can begin.
- Keep staff informed of the situation
- Regularly update major customers and suppliers by whatever method suits the business. An email distribution list may be helpful if there are many people to keep informed (making sure GDPR compliant).
- Maintain a log to note all actions taken and expenses incurred. This assist with your insurance claim.
bira insurance, Towergate and Towergate Insurance are trading names of Towergate Underwriting Group Limited. Registered Address: Towergate House, Eclipse Park, Sittingbourne Rd, Maidstone, Kent ME14 3EN. Registered in England with company number 4043759. Authorised and regulated by the Financial Conduct Authority.
bira insurance is a trading name of Towergate Underwriting Group Limited. Registered Address: Towergate House, Eclipse Park, Sittingbourne Rd, Maidstone, Kent ME14 3EN.
Registered in England with company number 4043759. Authorised and regulated by the Financial Conduct Authority.
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