A number of climate change adaptation measures need to be in place through policy interventions to help Small and Medium Enterprises (SMEs) to develop disaster risk-sensitive operation strategies. The purpose of this study was to analyse the implementation of disaster and climate risk-sensitive business continuity plans of selected SMEs in the post-COVID19 context in Sri Lanka. This study was carried out in the post-COVID19 period and in a context of multiple socio-economic shocks in addition to the existing climate and disaster risks. This case study identified flood/heavy rain, heavy wind, drought/water scarcity, and heat waves as climate change drivers for disaster risks to SMEs in the Northern and Eastern provinces of Sri Lanka. A number of key risk management strategies for potential disaster/climate risks in the SME sector were explored from this study. This study found that the level of awareness of such disaster risk-sensitive strategies, primarily the risk mitigation measures need to be systematically inculcated in the studied sectors of SMEs (handloom and food/vegetable processing) in Sri Lanka. The COVID19 pandemic and the post-economic crisis have created an opportunity to promote risk-sensitive SMEs operational plans.