Every business faces major unknowns – the events of 11th September, 2001 were a drastic demonstration of possibly worst case scenario which could destroy or cripple your business. However, the same could be said for natural disasters, human or equipment failure, fires, floods and the like. Whilst your insurance portfolio should provide a financial safety net for many of these risks, developing a Business Continuity Plan (BCP) could well be the difference between your business surviving after an incident or “going under”. The survival rate of firms that do not plan for catastrophic events is estimated to be only 20%.
• What is Business Continuity Management?
Business Continuity Management is the process of identifying and planning against the risks which could cause significant disruption to a business. It seeks to ensure that individuals and businesses are able to respond sensibly and effectively to an incident and to get the business back on line within an acceptable period. Planning for significant disruptions allows businesses to identify the risks that are most likely to affect their particular business area and so allows them to better identify problems and to plan against such serious disruptions.
• Does my business need a plan?
The decision to develop a Business Continuity Plan is a matter of choice for some organisations and a regulatory or contractual requirement for others.
• Could it happen to my business?
Ask the companies based around the Buncefield Oil Depot.
• How do I develop a BCP?
We can provide a web based planning tool which works through a user friendly structured process to build, test and maintain a plan! It is aligned to BS25999 and has contingency planning for most types of incidents.
Whether you already believe in the concept of a BCP to protect your business or whether it is required to comply with your industry regulations, we can assist. The planning tool for most companies costs £880 + VAT. Contact us to arrange a demonstration.
Call your contact at Capital & County