The IRS has a document to record your business’s losses.
Review the IRS’s document beforehand to see what kind of information it includes.
Knowing who to contact after a disaster occurs helps expedite the process.
Give employees access to your emergency preparedness plan in advance so they know their roles in the process.
Consider scanning or downloading your business records to your smartphone or computer.
Or, you can save them on an external drive or compact disc.
Many insurance agencies offer liability and property plans specifically for business owners.
Plans may even offer coverage for debris removal, loss of income, and cleanup.
You can also invest in a filing system that is fire and water resistant to avoid damage to records.
If disaster does strike your company, you need to record the items you lost.