HOW DOES YOUR BUSINESS FACE A CRISIS?

With Business Continuity Awareness Week launching on 17^th May 2021, Gordon Stevens MBCI explains the importance of establishing a framework to ensure risks are minimised, and threats that can lead to a disruptive event are recognised.

Research has also showed that organisations with business continuity plans in place can respond to events much more effectively compared to those without those measures in place.

There are a number of reasons for having a framework for Business Continuity Planning:

• Sensible and good business practice
• Demonstrates to customers and suppliers that there are plans in place to ensure service is maintained in the event of an incident
• Reduces the thinking time necessary to consider how to proceed should an incident occur
• Instils an orderly and effective control over what could be a chaotic and an ineffective approach
• Helps to contain incidents, minimising casualties and the extent of the damage, and to speed up the recovery process
• Demonstrates to your employees that the company values their livelihoods and is prepared to invest to protect both
• Reassures investors that the business can continue to trade

Our Risk Management team offers Business Continuity Planning as a service.  To find out more about how to help mitigate risks and threats that could disrupt your business, please contact Gordon Stevens, Risk Manager, 07880 035477