You would do anything to protect your business from danger – and that’s just one of the reasons why having an Emergency Response Plan is crucial.
Not only does having an Emergency Response Plan in place minimise the probability of the business incurring huge losses in case of crises such as fires and floods, but it also assists with getting the business back on track after the event is over.
What is an Emergency Response Plan?
An Emergency Response plan is an integral part of a good, holistic risk management strategy and can rapidly reduce a businesses risk.
An Emergency Response Plan outlines the order and the nature of your business’s response to risks and emergency events by defining the roles and responsibilities of each individual if an emergency event occurred, as well as the level of response needed, and provides procedures and protocols for your business’s Emergency Response Team (ERT) to action.
Developing an Emergency Response Plan for your business may prepare you and your people in what to do before, during and after an emergency, so you can recover rapidly and minimise business interruption from an emergency event.
What’s included in an Emergency Response Plan:
An Emergency Response Plan is an essential component of risk management strategy. They will commonly include:
- the duties of your team in the event of an emergency,
- the evacuation and relocation to safety plan, and
- any proactive and safety actions to follow after the disaster event has happened and everyone is in a safe space and out of harm’s way.
Benefits of an Emergency Response Plan may include:
- the roles and responsibilities of your employees defined,
- details of possible actions and communication procedures to follow in the event of an emergency,
- reduction of the occurrence of personal injury, property damage and potential losses associated with business interruption,
- soften the impact to customers within your supply chain and your reputation.
Emergency Response Plans are usually created in tandem with a business recovery plan in mind. Some common features of a recovery plan include:
- A list of your key customers and suppliers to contact and notify about business disruption.
- A list of emergency contractors that can assist in repairs and clean up after a fire, flood, or storm.
- An inventory of emergency preparedness kits, including Personal Protective Equipment (PPE), clean up equipment, forklifts, emergency first aid kits, and anything else needed to recover after an emergency.
- An understanding of the damage to stock within your operations, including contamination to raw foods or products and how this may affect business interruption.
Risks to consider when planning
It’s important to recognise that if your business doesn’t have any planning in place for what to do before, during and after an emergency event, that it could potentially result in:
- property damage or loss,
- personal injury and a reduced workforce,
- business interruption losses,
- business continuity and productivity loss,
- impact to your customer base, and
- impact to your supply chain.
With so much at stake, it’s good business practice to implement and regularly review your Emergency Response Plan to ultimately reduce any future risk.
For more information on Emergency Response Planning, download our IAG Risk Partners Awareness Guide here.
To find out how IAG Risk Partners can assist you with Emergency Response Planning for your business, please contact [email protected]