You have already made an important risk management decision this year. You have already actively or passively determined what you are doing about the novel coronavirus COVID-19(COVID19) pandemic.

Regardless of the decision you have made to date, the rapidly evolving COVID19 pandemic requires continuous assessment and adjustment of your risk management decisions and mitigations.

COVID19 is a new coronavirus that is not yet well understood but appears to spread easily and has spread to multiple continents and countries:  The worldwide spread of COVID19 qualifies as a pandemic for some definitions of pandemic.

According to the World Health Organization, WHO, there are 6 Phases of a flu pandemic.
COVID19 is at least Level 5 pandemic due to its geographic spread. A Level 6 pandemic
is distinguished by community (untraceable) spread of the coronavirus.  Level 6 is considered a full blown pandemic.

Whether or not COVID19 is a full blown pandemic, schools, businesses, transportation, hospitals and governments  are taking measures to prepare for one.  There are already supply chain disruptions due to the virus, which adversely affect availability of supplies required to manage this emergency.  Trips (travel), conventions, large gatherings, school  and church services are being cancelled.   Businesses are enabling employees to work from home.
Ultimately, COVID19 containment requires individuals/families/cohabitants to change their behavior.  It does not help to be able to work from home if your daily activities consistently put you in situations to be exposed.

Given a known threat, COVID19, the list of recommendations may be tailored to the rapidly evolving circumstances.  For example, shelter in place recommendations for emergency management [FEMA] expand to minimum of generally agreed incubation period 14 days or expand to 30 days to account for the numerous unknowns about COVID19 such as:
methods of transmission, length of infectious period, risk of reinfection of an individual, at risk populations/species etc.

While businesses are worried about supply chain management and employee protection,
there are already of runs of supplies needed to survive a quarantine. There is already a worldwide shortage of masks, gloves, hand sanitizer and isopropyl alcohol.  There are regional runs on stores for water, cleaning supplies, paper towels, tissue paper, toilet paper,
canned food and frozen food. The longer you wait to prepare for a quarantine will affect your ability  to mitigate your risk.

At this time, what do you need to do to specifically prepare for a COVID19 quarantine?

• Start now.  Avoid the last minute rush to acquire necessary supplies
• Check your inventory of disaster preparedness supplies.
• Prepare to shelter in place at home [FEMA]  Infected or at risk individuals may end up in a specific quarantine situation such as hospitals or nonmedical quarters prepared for quarantined individuals.
• Have a go bag ready in case of sudden relocation with: medication, important contact info, a copy of your preparedness plan, identification etc.
• Implement a plan for physical or mobile connectivity.
• Make preparations to work from home if possible
• Have some cash on hand.
• Keep your car full of gas.
• Follow WHO, CDC or Red Cross recommendations for personal protections such as:  wash your hands with soap for 20 seconds, wash your hands often, avoid touching your face, stay away from large gatherings, stop shaking hands or doing any other greeting that require touch, stay away from areas where COVID19 cases are confirmed. [Red Cross] [CDC]
• Examine your risk management plan and revise it according to the evolving spread of COVID19.

Even if you cannot prepare everything right now, at least get started.  The life you save may be your own.

Sources
[WHO]: who.int “WHO Pandemic Phase Descriptions and Main Actions by Phase”
[FEMA]:  Ready.gov “Build a Kit”
[Red Cross]:  redcross.org “Prepare A Resource Guide”
[CDC]: cdc.gov “Preventing COVID-19 Spread in Communities”