What would happen if your business suffered a fire or other emergency?
Almost 1 in 5 businesses suffer some sort of disruption every year, be it fire, flood or other emergency.
Following a disaster:
25% of businesses never re-open
80% of companies who don’t recover in a month are likely to go out of business
75%of businesses without Business Continuity plans fail within 3 years.
You need to consider what you would do in order to prepare for an emergency that may disrupt your business. If you don’t, a fire or other emergency could result in:
loss of reputation and/or loss of customers
financial, legal and regulatory penalties
human resource issues
increased insurance premiums
Or at worst the complete failure of your business!
Business Continuity 10 minute assessment (new window, PDF
Every second of every day somewhere in the world disasters are happening - man-made and natural - events that can harm people and businesses. We can't stop them occurring, but we can be prepared.
This video explains what Business Continuity Management is and why you should be doing it:
View the video (new window)
What are the benefits of Business Continuity Management?
Business Continuity Management is all about understanding and protecting your business from unexpected and planned disruptions, e.g. fire, flood, illness, strikes, power or technology failures.
Business Continuity Management is a process that helps ensure a business can continue to operate and function in the event of a disruption. It provides the strategic framework for improving the organisation's resilience to interruption.
Effective Business Continuity Management can be beneficial to any size of organisation operating in any sector. By proactively identifying the impacts of an operational disruption your organisation will be able to effectively respond to disruptions, thus minimising the impact on your business.
Planning ahead rather than responding reactively may also:
save your business money in the long term
provide you with a competitive advantage by being able to demonstrate supply-chain resilience
help you identify potential business opportunities, e.g. reduced costs, shared services, new products or services etc.
The following link takes you to further information and toolkits to assist you with business continuity planning for your business:
Further Business Continuity information and toolkits