Home Online Banking Weathering the Storm: Areas Subsequent Step Gives Catastrophe Planning Sources for Individuals and Companies

Weathering the Storm: Areas Subsequent Step Gives Catastrophe Planning Sources for Individuals and Companies

Weathering the Storm: Areas Subsequent Step Gives Catastrophe Planning Sources for Individuals and Companies


BIRMINGHAM, Ala.–()–In recognition of Extreme Climate Consciousness Weeks throughout the nation, Areas Financial institution on Wednesday introduced new planning assets accessible to assist folks and small-business homeowners put together for pure disasters and disruptions.

“The impacts of pure disasters could be huge ranging, with main implications for folks, households, firms, and communities,” mentioned Joye Hehn, Subsequent Step monetary schooling supervisor for Areas Financial institution. “Making ready for pure disasters could make a major distinction within the aftermath of a storm. Areas Subsequent Step is dedicated to serving to folks navigate the monetary features of being ready. By means of year-round assets offered by the financial institution, particular person customers and enterprise homeowners can be taught extra about sensible methods to be prepared. We hope they by no means expertise a pure catastrophe, however we’re right here to assist them put together – and to get better – in the event that they do.”

Areas is internet hosting a free webinar titled “The best way to Put together Your Enterprise for Disasters and Sudden Disruptions” to assist small-business homeowners be taught extra about making a catastrophe plan. The webinar will cowl learn how to safeguard funds and keep money circulation throughout an emergency, present actionable suggestions to assist enhance enterprise resiliency, clarify the varieties of disasters and disruptions that may affect a enterprise, share particulars wanted in enterprise continuity and restoration plans, and establish steps enterprise homeowners can take prematurely to assist a enterprise financially climate a catastrophe or disruption.

Registration for the Feb. 23 webinar is out there at this hyperlink. The webinar can even be accessible on demand at Areas.com/NextStepWebinars.

“Enterprise homeowners face unbelievable challenges on daily basis, and at Areas Financial institution, our crew is dedicated to offering monetary steerage, recommendation, and assets to help our enterprise shoppers,” mentioned Brian Willman, head of Industrial Banking for Areas. “The assets offered by Areas Subsequent Step are only one instance of how Areas helps shoppers handle, develop, and defend their companies. We all know the affect a pure catastrophe and different disruptions can have on enterprise operations, and this webinar is a results of our expertise in serving to firms navigate challenges whereas sustaining or restoring essential operations.”

Enterprise homeowners ought to create a continuity plan for funds, property, and staff in case of an emergency. Areas Subsequent Step recommends the next:

  • Maintain money reserves and credit score strains. Areas Subsequent Step recommends companies hold not less than three months’ price of accessible money in a safe method. Set up a credit score line earlier than it’s wanted so there’s something to fall again on in case of a monetary crunch.
  • Safe monetary data equivalent to accounts payable and receivable, payroll and banking data, buyer databases or data, and worker data.
  • Join on-line banking to maintain observe of enterprise accounts, switch funds, and pay payments from anyplace you have got web entry.
  • Know present insurance coverage protection. Maintain it present, and make a copy of insurance policies and documentation equivalent to a listing of lined property and their valuation offsite.
  • Prepare prematurely with key distributors to supply help companies to get again to enterprise operations. Develop a vendor companies listing or database with key contact telephone numbers. Retailer this listing electronically and offsite.
  • Shield gear. Relocate it if doable forward of a climate subject. If not, elevate it above flood stage, and defend with plastic sheeting, plastic baggage, and duct tape.
  • Contain staff from all ranges. Arrange telephone name bushes, run drills, and share printed and digital particulars concerning the firm’s catastrophe plan and procedures.

Along with data accessible at Prepared.gov, Areas Subsequent Step recommends the next to assist particular person customers financially put together for a pure catastrophe:

  • Make a listing and file a video of things owned to assist with insurance coverage claims and doable tax deductions.
  • Take into account particular protection, like flood or wind insurance coverage, that is probably not lined in a standard householders insurance coverage coverage.
  • Have sufficient money available to cowl requirements for not less than three days.
  • Join on-line banking and cellular banking with Cellular Deposit to handle accounts and have entry to funds from anyplace.
  • Have an emergency financial savings account and usually contribute to it.

Advancing monetary wellness is one among Areas Financial institution’s prime priorities. Along with catastrophe planning assets, Areas Subsequent Step gives year-round insights on monetary issues for folks of all ages and from all walks of life.

For instance, Areas’ Weekly Webinar Sequence gives sensible data on private finance matters equivalent to cash administration, credit score, and homeownership. Attendees have entry to Areas professionals who will help with custom-made, one-on-one follow-ups. These webinars are open to anybody, no matter whether or not they have a Areas account, and there’s no price to take part. The complete schedule and registration particulars can be found at this hyperlink, and new dates and matters proceed to be added.

About Areas Monetary Company

Areas Monetary Company (NYSE:RF), with $163 billion in property, is a member of the S&P 500 Index and is without doubt one of the nation’s largest full-service suppliers of client and industrial banking, wealth administration, and mortgage services and products. Areas serves prospects throughout the South, Midwest and Texas, and thru its subsidiary, Areas Financial institution, operates roughly 1,300 banking places of work and greater than 2,000 ATMs. Areas Financial institution is an Equal Housing Lender and Member FDIC. Further details about Areas and its full line of services and products could be discovered at www.areas.com.

About Areas Subsequent Step®

Areas Subsequent Step is the monetary schooling program from Areas Financial institution, providing a free assortment of action-oriented suggestions, instruments and assets. Subsequent Step is designed to simplify monetary matters, assist folks of all ages and enterprise of various sizes keep on observe and meet monetary objectives. Sources can be found on-line, in-person, just about, and in English and Spanish. In 2021, Subsequent Step offered monetary schooling to greater than 1.4 million folks throughout the corporate’s footprint, delivered roughly 124,000 monetary wellness workshops, obtained 2.4 million monetary schooling content material web page views and associates accomplished 7,000 monetary schooling volunteer hours. Further data and assets can be found at Areas.com/NextStep.


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