Business Continuity

One in five businesses suffer a major disruption to their business activity every year. This could range from:

• A major Fire

• A prolonged computer breakdown

• Transport disruption

• Power failure

The list is endless and out of your control.

Is it all insured?

You are only likely to recover 30% to 50% of the total cost of an insured interruption.

and 

You have to keep the business going while your losses are assessed.

Are you sure you will cope whilst you muddle through what may happen?

• Customers go elsewhere

• Suppliers downgrade your credit rating

• Cash flow may suffer

• You cannot recover debts

• Your staff may be traumatised

If you don’t have a disaster  have you wasted time and money?

• Continuity Planning may pay for itself in insurance savings.

• You could use your reliability as a marketing ploy.

• You gain peace of mind.

Facts:

• 35% of firms suffering a computer disaster lost over £250,000.

• 30% of disasters are caused by fraud, malice and misuse.

• 30% by software and hardware failure.

• 20% by fire, flood or tempest.

Pandemic Flu should also be accepted as a risk to businesses, the World Health Organisation estimates that staff absenteeism throughout the duration of a wave of a new strain of flu could be as high as 50% and there could be a death rate of 2.5% of those affected.

Effective continuity planning CAN prevent business collapse.  

For advice, guidance and templates on Business Continuity please see below:  

• http://www.london.gov.uk/priorities/london-prepared/preparing-your-business

• www.london2012.com/get-involved/business-network/preparing-your-business.php.

• Guidance for Adult Social Care Provider Business Continuity