SUBSCRIBE
Enter your Name and Email address to get
the newsletter delivered to your inbox.
Please include name of person that directed you to my online newsletter so I can thank them personally.
Beth A. Botti, CFP®, ChFC, CLU, CDFA™
Financial Consultant
California Insurance License #0G24537
612 Wheelers Farms Road, Milford, CT 06460
Phone: 203-877-6556 Ext. 169
Fax: 203-301-0736
Email: beth.botti@equitable.com
November/December 2020
Business Continuity Planning
No one knows what the next business-threating crisis is going to be. But there are steps you can take in advance to help protect your business so it can survive, and continue to support you, your employees and their families.
Continuity Planning
- Make sure everyone knows their role. Designate someone to be responsible for each critical area.Communicate Often
- Your appointed communications director will handle the press, ensure the website is kept current and provide information to employees, customers and other stakeholders.Maintain Data Backup Processes
- Make sure daily backups are stored off site, in the cloud or both.Rehearse
- Walk your team through security, data recovery, relocation and other plans once per year.Consider Supply Chain Risk
- Ensure your critical vendors are also planning for the unexpected. Plan for alternative resources.Document
- Every task that has to be done should be documented in a way so that even a junior employee can take charge and execute, if necessary.Update Contact Information
- Be sure you always have current and complete contact information for employees, vendors and other key people and store it offsite.Conduct an Insurance Audit Annually
- This process determines how much coverage you need and what type.Business Interruption Insurance
- Consider this coverage which provides cash flow so you can pay bills, payroll and pay other expenses incurred due to a disaster or other covered event. (Many policies exclude a pandemic.)Life Insurance
- Life insurance can provide liquidity and help fund a buy-sell agreement among the partners, so that they can easily buy a deceased partners’ interest in the company from the heirs.GE-3144808(7/20)(Exp.7/22)
CONTACT US
Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.
Duly registered and licensed financial professionals offer securities through Equitable Advisors, LLC (NY, NY 212-314-4600), member FINRA,SIPC (Equitable Financial Advisors in MI & TN), offer investment advisory products and services through Equitable Advisors, LLC, an SEC-registered investment advisor, and offer annuity and insurance products through Equitable Network, LLC (Equitable Network Insurance Agency of Utah, LLC in UT; Equitable Network of Puerto Rico, Inc.). Equal Opportunity Employer - M/F/D/V. Equitable Advisors and its associates and affiliates do not provide tax, accounting, or legal advice or services. Representatives may transact business, which includes offering products and services and/or responding to inquiries, only in state(s) in which they are properly registered and/or licensed. Your connection to this website does not necessarily indicate that the sender is able to transact business in your state. The information in this website is not investment or securities advice and does not constitute an offer. For more information about Equitable Advisors, LLC you may visit https://equitable.com/crs to review the firm's Relationship Summary for Retail Investors and General Conflicts of Interest Disclosure.
GE-6572038.1 (4/24)(Exp. 4/26)
CFP®, and CERTIFIED FINANCIAL PLANNER™ are certification marks owned by the Certified Financial Planner Board of Standards, Inc. These marks are awarded to individuals who successfully complete the CFP Board's initial and ongoing certification requirements.
www.equitable.com
Check the background of this investment professional on FINRA's BrokerCheck
Equitable Advisors, LLC and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.
The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.