Are you worried about the impact that COVID-19 could have on your business? You’re not alone and a lot of business owners are feeling the strain right now. The good news is that there are steps you can take to protect your company. But first, you need to ask yourself some key questions regarding how the virus will impact your business in the future.
By Team Savant
Image: Kelly Sikkema
Am I Liable?
First, you need to think about where your liability begins and ends in terms of COVID-19. For instance, you might be wondering whether you will be responsible if a customer or employee catches COVID in your company. There are two trains of thought on this. First, it’s going to be very difficult to prove where someone contracts COVID. On the other hand, if there is an outbreak at your business and multiple people test positive the court will probably assume the correct social distancing measures were not in place. As such, you could certainly be held liable.
What Can I Do?
We have already mentioned one of the options that you should consider. You need to think about how to put the right social distancing measures in place. Some businesses have been more effective at this than others. Certain companies have installed screens to ensure that work can be completed without it potentially spreading through the air. Other businesses have invested in medical face masks for their employees and hygiene stations. It’s worth noting that there’s a lot you can actually do here to protect people and your business. You just need to be willing to take those key steps.
How Can I Help Others?
As well as helping your business and the people inside it, you should also consider how you can help others during this crisis. A lot of businesses are finding their philanthropic side right now and ensuring that they do their part to help a local community. For instance, you might want to think about raising money for local charities or even donating equipment and supplies. Be aware that as well as being the right thing to do, this is going to boost your brand identity. Customers are going to remember the businesses that were willing to offer their support.
How Can I Prepare For A New Lockdown?
Finally, you do need to think about how you can prepare your business for another lockdown and hopefully avoid some of the worst impacts of this type of situation. There are numerous steps to take here. For instance, you might want to explore insurance options. If you can get the right coverage for your business then you will be able to protect your company from any negative financial issues. You can then guarantee that you won’t have to worry about a lockdown leaving your business deep in the red.
We hope this helps you understand the key questions that you need to ask as a business owner regarding COVID. If you think carefully about the answers to these questions, you can ensure that your company is in a far stronger position.