Is your company prepared for when things go wrong? Have you plans in place to ensure how your business would overcome a serious incident or disaster? Are you aware of how quickly you could resume normal operations?
We can take it for granted that our businesses will run like clockwork, but there are multitude of reasons why you may suffer disruption. It will happen to all of us at some point, and therefore it is essential that you have provisions for re-establishing continuity whatever the issue is that arises.
Business continuity planning is one of the most critical components of any recovery strategy. From natural disasters such as flooding, to IT system failures, to cyber-attacks, you need to be sure everyone in your organisation would know what to do.
One very common misconception is that if you have business insurance then you need do no more – insurance does not replace a business continuity strategy. Whilst it is necessary to have comprehensive cover, you should be aware of what is and is not covered under your policy.
If you haven’t got a plan, Dolphin can help you to prepare for an unexpected occurrence or disaster, plan how to avoid and mitigate risks associated with a disruption of operations and provide workable solutions in the event of disruption.
The Insurance Institute of Business & Home Safety carried out research which revealed that 25% of businesses do not reopen following a major event – having a professionally drawn up Business Continuity Plan will make your company less at risk of being one of the 25%.
Business Continuity and Disaster Recovery Planning are Different Procedures