As part of assessing your cover, a great way to ensure your business is ready to deal with a major event is to formulate, and regularly review, a tailored Business Continuity Plan.
When something goes wrong, you need to be able to minimise financial loss and get yourself back to business as quickly as possible.
Put it at the top of your “Do Today” list to call us so we can help you to:
- Define the key processes in your unique operation, focusing those that impact the most on profitability and productivity.
- Identify the risks most likely to threaten those key processes, the risks that threaten the viability of your business.
- Determine the likelihood of each risk factor occurring and the consequential impact involved.
- Manage, mitigate, insure, avoid, assume or eliminate these business risks.
There are two main options available. The plan could either be a full Business Continuity Plan, which should take into account all processes and risks, (Loss of Owners or Key Employees, computer damage or virus, financial mismanagement or fraud, etc), or a simplified Disaster Recovery Plan, which would take into account the effects on your business from a major earthquake, fire, storm or flood.
How ready are you? Let’s discuss the best and most cost effective way to ensure your business can deal with a major loss.