Author: FSB Insurance Service
Businesses are reopening as part of a gradual process to get ‘back to work’. Many SMEs are pleased, as the financial pressure of closing premises has been significant, but it’s important to ensure that businesses reopen safely and with the appropriate cover in place.
Whether you’re planning to return to your premises in the near future or not for a bit longer, it’s important to review your business continuity plans for returning to your premises.
Before you return to your premises, you should ensure that they are completely safe for re-entry.
Once the more structural checks of your premises have been done, you want to ensure you’re still complying with Government recommendations and advice.
Different industries will need to consider more specific checks before reopening. For example:
Some businesses will have to do a gradual return to full trading capacity, so check with Government regulation and guidance to ensure you comply with all requirements.
Staff may be struggling with their mental health and the so-called “fear factor” during their return to work. As their employer you can help them feel supported with the below suggestions.
When reopening, it’s important to check your business insurance. You may have downgraded or stopped your insurance cover in lockdown, so it’s important to ensure this is back in place before you resume trading.
It will take a while for things to get fully back to normal (or as close as we’re likely to get), so we recommend continually reviewing your business practice and policies as things pick up. Many insurers are taking sympathetic views to mid-term adjustments and changes in cover, so if necessary you may be able to slowly increase your cover back to normal as required by your business.
It’s important to, above all, stay safe as the country begins to reopen. You may decide to look into group health insurance for your staff, or you may want to change your sickness policy to ensure you don’t see any outbreaks within your business.
As things begin to ease, you may want to revisit your business continuity plan to help keep your business running if a future event causes issues. You can do so using our free BCP kits, provided by Inoni. If you’re a registered member, you should have a link to these in your welcome pack.
John Robinson, Managing Director of Inoni says:
“We need to recognise the pace and timing of resumption will be different for different sectors, and even individual businesses, taking the new constantly-evolving set of social rules into account.”
In a recent blog, Inoni put forward six steps for business leaders to continually re-focus their efforts, based on present and future conditions:
There is a long road ahead and those that embrace an agile way of thinking may have a significant advantage.
We also have available our guide for businesses returning to work which you can download here.
You know your business best, and we’ll be here, along with all the other FSB benefits and services, to help ensure your business’ resilience. Call us for insurance advice and quotes on 020 3883 7976 Monday-Friday, 9am-5.30pm.
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