What is business continuity planning?
Business continuity planning is the process of identifying the parts of your company that are most vulnerable in order to create a plan to recover them if a business interruption occurs. Your company’s business continuity plan, in conjunction with business interruption insurance, form your business continuity management (BCM) programme. Businesses with strong BCM programmes are more resilient in the face of emergencies and disasters.
The process of creating the plan is in itself a beneficial exercise. The resulting plan, if implemented and maintained, can be the difference between recovering from a business interruption and going out of business.
Why is continuity planning important?
Did you know that 1 out of every 4 businesses impacted by a disaster never reopens its doors? And in the past year, nearly 1 in 5 companies has reported experiencing a business interruption. A business interruption can be as benign as a short power cut or as severe as a major flood. Companies that are prepared to face all types of incidents—small or large—are more likely to stay in business.
If you’d like a copy of the sample plan, please email: email@example.com