Prepare Your Small Business for a Severe Storm

When extreme weather strikes and it’s no longer business as usual, our banking experts can help you find services and solutions to meet your needs.

Before severe weather hits:

Familiarize yourself with your existing insurance policies to confirm you have the right coverage; many policies and riders can help better protect your business finances against unexpected events. Review your coverage annually, or any time there is a significant change impacting the company. In case of an imminent storm, protect your equipment — relocate it if possible, or elevate it above flood level and protect it with plastic sheeting and duct tape. Consider preemptive measures, such as having automatic backup generators in the case of a power outage, as well as proactive measures, such as alternate locations to conduct business if your facility is unusable.

In the case of business property damage:

Make sure your company’s emergency response includes the locations of key shut-off valves, including water, electrical and gas, as well as a well-rehearsed evacuation plan. Secure financial records such as accounts payable and receivable, payroll and banking information, customer databases and employee files. Have a communication plan in place to alert employees about the business status and confirm their safety.

How Regions can help:

Sign up for Regions Online Banking to keep track of your business accounts, transfer funds and pay bills from anywhere you have internet access. And you can bank anytime, anywhere with Regions Mobile Banking.