Stay Prepared and Resilient: The Critical Role of a Business Continuity Plan in Protecting Your Company
Keep Your Company Moving After a Disaster with a Business Continuity Plan (BCP)
Learn how to identify potential risks, maintain recovery strategies, and keep operations running smoothly through effective business continuity planning tailored for today’s unpredictable environment.
It only takes one major interruption to business operations for a company to recognize the value of having a disaster-preparedness plan in place.
Being able to swiftly adapt to the evolving circumstances during a crisis is critical. According to the Federal Emergency Management Agency (FEMA), about 25% of businesses do not reopen after disasters. Despite this fact, less than half of small businesses say they have a formal plan in place to ensure their business can continue its operations in the event of an emergency. A Mercer study found that this is not just a small business problem—51% of businesses across the globe had no business continuity plan (BCP) in place to deal with disasters such as the outbreak of COVID-19.
A business continuity plan (BCP) is a policy, supported by senior management, that helps ensure the necessary steps are taken to:
- Identify the impact of potential losses.
- Maintain viable recovery strategies.
- Supervise the continuity of operations through personnel training.
- Perform plan testing and maintenance.
