Business, business interruption, business preparedness, cloud, Facebook, Google, hallmark abstract service, Halloween, Insurance, severe winter weather, teleworking, weather, Winter storm

If a bad winter is on the way, is your business prepared to weather the storm?

For Hallmark Abstract Service or any other business, an unexpected surprise such as a winter storm is never a good thing!

If your business was faced with a surprise storm this winter that shut down the power grid or severely hampered your employee’s ability to get to work, would you be ready to cope?

This exact circumstance was the frightening scene at Halloween as an early winter storm slammed some areas along the Eastern seaboard including in New York and New Jersey. Travel was hampered by up to 30″ of snow on the ground with over 2 million homes and businesses losing power.

This map indicates that the forecast for the east coast this winter is for even more severe weather in the form of heavy snowfall. So what can a business do to get in front of any crisis?

  1. Do some reconnaissance on your business and physical plant to determine possible problem areas to address before the next crisis hits!
  2. Explore business interruption insurance and potential replacement vendors in case your business, or merely one of your key suppliers or distributors is incapacitated for an extended period of time.
  3. Have your insurance professional review your coverages to make sure that they are adequate for your businesses requirements.
  4. Set up a system so that in the event any part of your business goes down you can still successfully communicate with your employees, customers and vendors. This can include secondary email addresses as well as social media like a Facebook or Google+ company page.
  5. Give some consideration to setting up a system through which employees can conduct business by teleworking. This could include such things as having company information stored on a “cloud” and allowing employees to have access to their work computers at their homes.

Whatever approach you may take, being prepared for contingencies beyond your control is extremely important in business as well as in life!

If you have any questions or comments for Hallmark Abstract Service, please call us at 516.741.4723 or email us at

You can also find out more about us on our website here.

Enhanced by Zemanta
#OWS, banking, MERS, mortgage foreclosures, mortgages, New York housing market, NYS Joint-Assembly Standing Committee on Housingmortgage foreclosures in New York, Public Hearing, real estate

Summary of the Public Hearing on Mortgage Foreclosures in New York

On Monday November 7, 2011 a Public Hearing was held in Manhattan to discuss the topic of “Mortgage Foreclosures in New York.”

For those interested, a brief summary is provided by an attendee in addition to this link for an article at Thomson Reuters that also examines the discussions that took place.

Meeting Summary

“Today I attended a joint hearing of the NYS Assembly Committees on Housing, Judiciary and Banks on mortgage foreclosures. The hearing, as we expected, focused on the need to get funding to the programs designed to help people avoid foreclosure. The three committee chairs, Lopez (Housing), Weinstein (Judiciary) and Robinson (Banks), ostensibly shared the leadership of the hearing but Lopez clearly emerged as having the most aggressive and focused agenda.

MA Lopez who is also the Kings County (Brooklyn) Democratic Chairman has stepped out as a advocate of the OWS message and he appeared to want to use today’s hearing as an opportunity to start building a movement for state funding of the community programs “cleaning up the banks’ messes”. He pointedly asked the President of the NY Bankers Association if his 10 biggest members would donate $1 million each to this fund. Lopez’s interest goes beyond political hyperbole having suggested a possible law to require the banks to contribute to this fund he envisions.

Of more immediate and direct interest to you and the association were MA Lopez’s discussion about stolen, fraudulent, false title and other schemes by which people try to steal property ownership. Lopez expressed interest in exploring how to prevent this. He asked, “What do you need to file” to prove ownership…as in what should we require via legislation so we know title changes appropriately. The Assemblyman openly invited anyone with ideas to contact him. The association and I independently have good relations with Lopez so we should be able to facilitate this discussion.

In addition, a number of the speakers included references to various mortgage bills we’re working on such as A626 and A629. The committees heard much of the same conversation we heard in our discussion with the “advocates” but given the length of the hearing and the priority of the “funding” messaging referenced above the oral testimony was thin on the substance of the work the many witnesses are engaged in. I’ll be seeking a copy of the written testimony of all of the witnesses and will let you know of anything noteworthy.

MA Weinstein discussed her desire to end MERS and urged banks and others to reconsider their opposition.”

Enhanced by Zemanta