The OFB-EZ toolkit can help you reduce losses, get a jump on recovery and re-open as quickly as possible.
Businesses of any size can suffer a disruption at any time; however, small businesses have it tougher. While large organizations have more financial and physical assets both before and after a disaster, smaller businesses often lack the financial resources for recovery, the ability to spread risk across multiple facilities in different locations, and ready access to alternative suppliers. Yet, Mother Nature, man-made threats and other extreme events are not particular about whom they strike, damage or disrupt. Recognizing this reality, one of the keys to survival for small businesses is preparing and planning for potential business disruptions of any kind.
The Insurance Institute for Business & Home Safety (IBHS), of which Nationwide® is a member company, offers a free business continuity planning toolkit to help small businesses translate professional continuity concepts into an easy-to-use guide. Called OFB-EZ, the toolkit helps small businesses focus on planning for business interruptions regardless of the specific cause, so they can reduce their losses, get a jump on recovery and re-open as quickly as possible.
By using OFB-EZ, a small business can utilize many disaster planning and recovery best practices without the need for a large-company budget to accomplish the planning and protection basics. The toolkit provides a simple eight-step process, and users do not need to be expert in business continuity planning.
Creating a business continuity plan, such as that provided in the OFB-EZ toolkit, can help small business owners:
No matter what your business does or where it’s located, disasters can strike, sometimes without a moment’s notice. IBHS and Nationwide encourage you to make business continuity planning part of your overall corporate risk management program.
To get started, download the OFB-EZ toolkit now and schedule a date to work through the kit to create your company’s plan.
The expertise of the Nationwide Loss Control Services team provides a competitive advantage and added value to the businesses we insure. We offer industry advice and consultation through a wealth of resources, including:
Not a Nationwide member? Contact an agent and get a quote today.
Questions? Contact Nationwide Loss Control Services at 1-866-808-2101 or LCS@Nationwide.com.