While spring may have just begun, severe and inclement weather can hit at any time and cause massive disruption and financial concerns. With the average cost of flooding to a business costing £82,000, the impact on small businesses can be particularly devastating.
With 99.9% of UK businesses being small and medium-sized, a large proportion may be affected by adverse weather. It’s imperative that businesses have a robust plan in place to be prepared for storms, floods or other weather events. In the worse-case scenarios, the impact of adverse weather can mean reduced access to essential products and services that businesses need to run. Ultimately leading to small businesses becoming insolvent or closing altogether.
Monday 18 March marks the start of Would You Be Ready? Week, ending on Friday 22 March – an initiative led by Business in the Community (BITC). The aim is to help small and medium businesses tackle the potentially devastating consequences caused by a lack of readiness.
BITC is challenging businesses from across every sector to take its free five-minute Readiness Test! The test will help businesses gauge how vulnerable their business is to adverse weather. At the end of the test, businesses will receive downloadable advice with quick and easy tips to adopt, helping them to ensure that they’re prepared for a range of disruptions.
For more information about how adverse weather could impact your business and to take the test, visit: www.bitc.org.uk/wouldyoubeready/extreme-weather