Developing A Business Continuity Plan

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Easy access to insurance records and policy information will aid in your recovery.

Your BCP should identify types of insurance plans and coverage, policy numbers and important contact information for each policy.

What is a Business Continuity Plan and is it something you need for your business?

Let’s face it: you don’t always know when a disaster is going to strike your business.

Hurricanes and tornadoes cause tremendous physical damage to physical structures and equipment.

These weather events have also left cities without power and/or internet services for extended periods of time.Keep in mind; this evaluation should encompass the entire scope of your business. Identify the most likely disasters that could affect your business.You may live in an area that is prone to extreme weather events.Identify how security breaches or malware attacks could disrupt your business. Critical assets encompass more than just physical property.Your BCP should outline the resources you’ll use to adapt your business flow if such an attack occurs. They include equipment, intellectual property, employees and inventory. A strong business continuity plan covers safety equipment and procedures.Consider how to notify staff of emergencies and how safely evacuate employees if necessary. A copy of these should be stored in the cloud or at an offsite location.Long-term considerations for your BCP include potential scheduling changes, payroll delays and need for bringing in temporary staff if employees have difficulty accessing the site. Your BCP should identify the location of this data and how to access the information.Breaches in security have resulted in loss of revenue due to loss of client’s trust and loyalty.Healthcare companies in particular have seen a dramatic increase in cyber attacks and ransomware attacks since 2017.A Business Continuity Plan (BCP) is a proactive approach to protecting your business should some kind of disaster strike.It is a plan that outlines a strategy for your business to maintain essential functions until the crisis is resolved.

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