After a disaster occurs, company owners must ensure their business can pick itself back up and continue operating. Certain changes need to be made if the physical location was destroyed, potentially including working remotely or setting up a temporary storefront. However, when disaster policies include a clause requiring electronic information management, businesses may find recovery easier.
According to the Credit Union Times, this was a major problem for many businesses after the terrorist attacks on September 11, 2001. The source said it was estimated that around 50 to 60 percent of companies with offices in the World Trade Center that did not have offsite document storage most likely went out of business within a few months’ time.
Digitization is much more developed now than it was a decade ago, so it would behoove many companies to invest in the technology to avoid a large scale loss in the event of any disaster.
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