How to Prepare for Winter-related Business Interruption Issues

As a business, you must be prepared for unexpected circumstances like business interruption issues.

Various mishaps, accidents and situations beyond your control could have significant impacts on your company’s operations, and lacking preparedness could lead to devastating monetary ramifications.

Being prepared for the unexpected is key, particularly during winter when inclement and unpredictable weather could present unforeseen hurdles over which you have little influence.

5 Strategies for Winter Preparedness

Winter can present many issues relevant to businesses, including slippery surfaces, reduced visibility and colder temperatures.

Even at companies where employees spend most of their time indoors, certain incidents, such as falls caused by icy parking lots or wet floors could require consideration. Think about the following steps to minimize the effects of winter-related business disruptions:

1. Assess risks. Consider your operations and how winter conditions could affect them and lead to interruptions. For example, if you rely on motor vehicles, put greater emphasis on maintenance and consider installing winter tires.
2. Monitor forecasts. Being aware of coming conditions can be crucial, as it can allow you to schedule outdoor tasks during safer periods, thus reducing the risk of accidents and mishaps that could delay functions.
3. Implement safety measures. This could include ensuring employees wear appropriate winter gear (e.g., nonslip footwear) and establishing new protocols, such as ensuring outdoor workers take regular breaks in a sheltered, heated area.
4. Offer flexible work arrangements. Amid inclement conditions, you may want to allow employees to work from home, as this can help them save time and remain safe during commutes that might otherwise be dangerous and time-consuming.
5. Understand insurance. Even when adequately prepared, your business may need outside help to manage the fiscal implications of interruptions. Fortunately, business interruption insurance can offset resulting losses, including reduced revenue and ongoing expenses (e.g., rent, loan payments and payroll).

We’re Here to Help

Contact Illinois Insurance Family today to learn more about preparing for winter-related interruptions and ensure you have suitable loss control measures in place.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.