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All Los Angeles businesses are susceptible to the effects of a physical disaster. In fact, a business in the City of Angels is likely to endure at least one disaster in its lifetime. Physical disasters may be natural (fire, floods, tornadoes, earthquakes, etc.) or man-made (vandalism, theft, terrorism, etc.). Until such disasters strike your firm, you may have a false sense of security. Below are some of the consequences of a physical disaster you need to be aware of. Data loss A company may be unable to retrieve data from lost or damaged documents. Aside from that, federal and state laws can hold officers liable for failing to protect critical records and files. These problems may result in additional liability, litigation and loss of clients. That’s why measures for data recovery for Los Angeles companies are important and need to be implemented. Property loss This type of loss can include office copiers, computers, communications equipment, desks, furniture, books, and the like. It is important to make an inventory of all your company’s physical assets. Creating a list in advance is easier compared to trying to remember what you own after your properties are stolen or destroyed. It is also a good idea to have your properties insured. Loss of billable time and cash flow Time is very important to any business. Once it’s lost, it’s impossible to get it back. Reconstructing completed work products and other things that your business has accomplished, along with the time you need to invest in the recovery process, can seriously affect cash flow. Relocation and start-up expenses This can include the transfer of equipment and records to a new location, rental of temporary quarters, even the rental or purchase of new equipment. You may even need to hire extra or replacement staff. The time and expenses associated with moving back to your regular office once it becomes habitable or a new office altogether can be a hugely daunting task if not planned. Disaster planning and data recovery for Los Angeles companies are often viewed as necessary evils. After all, these measures are for something that may never occur. Nevertheless, preparing for a disaster is a way to ensure that your company will continue to operate efficiently after such an event. Learn more about disaster planning from itexpertmag.com/business-continuity.
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