COVID-19 a/k/a Coronavirus: Save Your Company From a Shutdown

It’s not a matter of if, but when… The United States is no stranger to the flu and how it affects business productivity resulting from fatigue, absenteeism, and the never-ending cycle of spreading the disease.  It impacts productivity, profit, and in some cases viability of a business.  The current outbreak of the Coronavirus and how it has shut down areas of China and is spreading to the U.S. is a reminder that companies need to look internally and prepare; not just for this potential issue but any threat to a disruption in business.

In order to limit the disruption to business operations as a result of the flu or other issues, here are a few items to consider:

  • Review the company’s IT readiness including constant data, email, and network back-ups,
  • Review and adopt business contingency, continuity, and succession plans for the company,
  • Review vendor contracts and assure your company’s ability to use substitute vendors,
  • Review and adopt sick leave policies to ensure they both comply with the law and are functional,
  • Identify key individual functions of the business and cross-train employees to fill those functions,
  • Encourage all sick employees to stay home and work remotely, if possible, and
  • Encourage etiquette in the workplace (ie cover your mouth when you cough or sneeze) and hand hygiene (it’s not expensive to have hand sanitizer around the work-place but it can be very expensive if employees are not healthy enough to work).
Finally, don’t wait for a flu epidemic or some other disruption to hit your business; it will be too late in which case our article on the new SBSA in this issue might come in handy.  In order to avoid that, try to envision absenteeism for every single employee in your company, suspension of a vendor or supplier, and your own unavailability to determine gaps, then implement processes to close those gaps.
This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.

Kurt M. Carlson | Litigation, Corporate Transactions, Commercial Bankruptcy, Restructurings and Creditors’ Rights

Kurt concentrates his practice on representing clients in litigation, corporate transactions, commercial bankruptcy, restructurings and creditors’ rights. If you need assistance with a related matter, contact contact Kurt.