William M. Sparks 1945 - 2023
My father, William (Bill) Sparks, passed away sadly but comfortably Sunday morning, surrounded by his family. He was a kind and loving man with a heart of gold. There are so many who loved him and will feel this loss – in the business world and far beyond. He would say thank you to all of his small-business customer for their support, and he would wish everyone peace and happiness. I have run the William M. Sparks Insurance Agency for many years now, and I will continue to run it just as my father did and as he would want me to do. On behalf of my family, I thank you all for your kind words, well wishes and support at this time. --- Danielle Sparks
We've all heard the stories: A company loses key resources due to a shooting spree by a former employee... A business is wiped out by earthquake or flood... A corporate data center is destroyed by fire and brings down a national network. As a business owner, you probably sympathize but then rationalize that business insurance or government agencies like FEMA will be able to help.
While business insurance benefits and government support offer financial assistance, will affected companies continue doing business in the wake of such disaster?
It should – if you have an up-to-date Business Continuity Plan that includes a tested Disaster Recovery Plan, and provided that all key people in your organization know how to use it.
On the shelf since 2001, you say? In that case, you might only consider yourself safe if supply vendors, computers, employees and business process are all exactly as they were back then. (Of course, that would likely mean that you have other business issues.) You might ask yourself the following questions:
Wondering where to start and how to create one? If you are a large corporate organization, this is a good time to seek out a reputable consultant who knows your industry. If you are a smaller business, the following guidelines might be all you need.
Your business insurance portfolio and your business continuity plan complement each other. How can you know how much and exactly which insurance coverage you need if you have not analyzed your processes and resources to develop your business continuity plan? How can you complete your BCP without considering your business insurance coverages? Together they provide your business with a strong safety net.
Here at the William M. Sparks Insurance Agency in Timonium, MD, we welcome the chance to review your policies with you, answer your insurance questions, and offer advice to make your business as prepared as possible to handle any disaster. So why not contact us today?