Floods are more common and cause more destruction than any other natural disaster in the world. They can happen over a period of days or a matter of minutes – even in areas that are not considered a flood risk. That’s why, when you’re thinking about your business continuity plans, it’s wise to include a Flood Emergency Response Plan that can provide the resources you need, protect your employees, save time, reduce property damage, and get your business up and running again if a flood occurs. These five steps can help you get started.
Consider your local climate and potential weather events, including what time of year floods might occur. Find out whether there are upstream controls such as levees or dams in the area; the likely extent of any flooding (rate of rise, depth, how long water levels will remain elevated); and how closed roads or bridges might affect your business. Understand the drainage systems within your facility.
To prepare your business to survive a flood, consider storing critical records and key equipment in higher locations. Look into installing protective walls, waterproof closures, and backup systems such as non-electric water pumps, diesel generators, and battery-powered lighting in your facilities. Install check valves where utility and sewer lines enter the building, and move vulnerable equipment, raw materials, and finished products away from doors and windows.
The team should have clearly defined responsibilities and levels of authority. They can then:
Work with your response team to create an emergency plan to:
Run through your emergency procedures before a flood happens to ensure a speedy, safe, and proper response. If you do experience a flood, update your Flood Emergency Response Plan with lessons you’ve learned.
You can also protect your business with flood insurance. Your insurer may be able to help you plan for a potential flood.
This content is brought to you by Chubb Insurance Australia Limited (“Chubb”) as a convenience to readers and is not intended to constitute advice (professional or otherwise) or recommendations upon which a reader may rely. Any references to insurance cover are general in nature only and may not suit your particular circumstances. Chubb does not take into account your personal objectives, financial situation or needs and any insurance cover referred to is subject to the terms, conditions and exclusions set out in the relevant policy wording. Please obtain and read carefully the relevant insurance policy before deciding to acquire any insurance product. A policy wording can be obtained at www.chubb.com/au, through your broker or by contacting any of the Chubb offices. Chubb makes no warranty or guarantee about the accuracy, completeness, or adequacy of the content. Readers relying on any content do so at their own risk. It is the responsibility of the reader to evaluate the quality and accuracy of the content. Reference in this content (if any) to any specific commercial product, process, or service, and links from this content to other third party websites, do not constitute or imply an endorsement or recommendation by Chubb and shall not be used for advertising or service/product endorsement purposes. ©2020 Chubb Insurance Australia Limited ABN: 23 001 642 020 AFSL: 239687. Chubb®, its logos, and Chubb.Insured.SM are protected trademarks of Chubb.
Contact a broker today.