You should know this to protect your business and credit with Milton Pass

In times of crisis, such as the arrival of a hurricane, the safety of your family and loved ones is the priority. However, we also understand that the impact of a storm of this magnitude can bring additional concerns, such as the financial stability of your home and business.

At Oplaics, we are here to support you and offer you the tools you need to overcome this difficult time in the best way possible. We know that protecting both your credit and your business is key to a faster recovery. Below, we leave you some practical recommendations that can help you.

Monitor your credit in times of emergency:

It is essential to be aware of any changes in your credit report during and after of the hurricane. Fraud can increase in emergency situations, and errors on your report can affect your credit score. Remember that you have the right to access your credit report for free during these circumstances, allowing you to identify any irregularities and take action quickly.

Access available emergency resources:

The government and various organizations make a series of resources and financial aid available to those affected by natural disasters. These funds are designed to mitigate losses and help businesses maintain stability.

Key measures to protect your business during the hurricane:

The Preparation is the best way to minimize risks to both your business infrastructure and its financial stability. Here we share some essential actions that you should consider:

• Prioritize the safety of your team
  Ensure that all personnel have enough time to evacuate if necessary. If conditions permit, consider implementing remote work plans to keep some operations running. Additionally, keep your employees informed about safety protocols and measures to follow before and after the storm.
• Protect your facilities
  Reinforce doors and windows with panels protectors, disconnect electrical equipment to avoid damage, and relocate valuable documents and materials to safe areas. If you have time, make sure the roof and other vulnerable parts of the building are reinforced.

Maintain financial stability:

We know that Beyond the visible damage, the effects of a hurricane can last over time and affect your cash flow, your credit, and the continuity of your business. Therefore, it is crucial to take preventive measures that help you maintain financial control. In this sense, at Oplaics Consultants we offer free guidance on how to protect your finances and prepare your company to face the challenges that may arise.

What to do with your company in Florida after the passage of a hurricane?

Once the hurricane has passed, the recovery process for your company begins immediately. Here we leave you the most important steps you must follow to protect your business, assess the damage and launch financial and operational recovery.

Assess the damage and prioritize security:

• Initial inspection: Before returning to the premises, make sure that local authorities have given approval that it is safe to do so. Once at your business, conduct a visual assessment of structural damage.
• Prioritize equipment safety: If it is necessary to return to the facility, make sure the location is safe for employees. Remove dangerous objects and make sure affected areas are cordoned off or repaired.
• Document damage: Take photos and videos of all damage for evidence when filing insurance claims.

Protect your credit and business finances:

• Monitor your credit: Make sure Delays or complications due to the hurricane will not negatively affect your credit. Stay aware of any irregularities on your credit report.
• Make sure you comply with tax obligations: State or federal agencies may offer tax deferrals after a hurricane. Consult the temporary measures for affected companies and make sure you comply with your tax obligations within the extended deadlines.

Learn from experience and adjust your contingency plan:

• Update your emergency plan: Once you have restored operations, review what aspects of your contingency plan worked well and what areas need improvement. Strengthen preventive measures for future events and ensure you are better prepared.
• Consider upgrading your insurance: After assessing the damage, it might be a good time to review your insurance policy business and make adjustments to have better coverage in case of future natural disasters.

You don't have to go through this situation alone. If you need advice to protect your credit or the first steps to formalize your business after the emergency, do not hesitate to schedule a free virtual consultation with one of our experts. We are here to support you in these uncertain times and help you build a plan that prepares you for the future.