A Business Continuity Plan: Your Company’s Insurance Against Sudden Loss

6/19/2018 (Permalink)

Flooded building in Asheville.

Humans frequently tend to look on the positive side of life, so many executives often believe disaster happens to another company in another state, not to a company in Asheville, NC Although administrators may hear the terms such as ‘disaster recovery implementation’ and ‘business continuity’, it often seems unlikely that his or her business will experience a massive disruptive event. The fact is, a business continuity plan is much more than a strategy for business survival after a natural disaster.

Government Help

Programs for business continuity such as those recommended by the United States Government, suggest implementing continuity planning to help prevent business damage from:

• Natural disaster
• Departure of a key staffer
• Unexpected illness
• Loss of crucial supplier
• Failure of critical machinery
• Loss of power or internet service

By having an emergency response plan in place, established strategies to keep loss at an acceptable level and restore business operations can quickly be implemented after a significant business loss. Not only can the execution of the plan keep the business open, but it may also save revenue and customers.

Process Planning

There are four steps involved in developing a business continuity plan. These steps include:

• Identifying crucial business processes and functions
• Developing recovery strategies
• Establish plan development frameworks
• Organizing testing and training of plans

The plan will help establish which individuals are in charge during an emergency, and who is responsible for diminishing the loss. The continuity plan can also establish a procedure for contacting employees, suppliers, and managers.

Emergency Response

Setting up a business continuity plan for uninterrupted emergency operations can act as a safety net and help your business swiftly recover from threats to the company before the loss can adversely influence your business. You can never know when a sudden loss may have a financial consequence for your company, but you can take precautions in the event something may occur in the future. Think of the program as your company’s insurance against sudden loss. Visit http://www.SERVPROashevilleeast.com for more information on commercial water loss.