What is meant by Business Continuity Planning?

by Tony on 07/04/2010 in Management Liability Insurance

Disaster management, business interuption call it what you like, effective Buisness Continutiy Planning is now a major issue for Insurance companies.

Business continuity planning is a holistic management process that identifies impacts that threaten a company and provides a plan for building resilience and capabilities for an effective response that safeguards the interests of its key stakeholders, reputation, brand and value creating activities.

Primarily, it is a management process that identifies potential threats that will impact on a business’ ability to provide its customers with its products or services and the actions needed to ensure the immediate future following any major disruption. Or causes your business ‘interuption’. How long can your company survive and ‘interuption’ before you start to lose money, your place in the market or your reputation?

Everyone involved in business has a duty of care in respect of the hazards it may cause to anyone. To take it one stage further a business needs to be able to demonstrate that it is able to meet its service levels and will cope with disasters competently because it has planned to do so.

If you would like more information on business continuity planning contact
Tony Gibbs on 0118 9452944.

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