Emergencies disrupting your business can have significant impacts on profits and operations with negative results for employees, shareholders, customers and communities alike. Getting prepared in the workplace can significantly reduce these impacts and support the recovery for your business.
Why is Business Continuity so important?
According to the Federation of Small Businesses, 80% of small businesses affected by a major incident go out of business within 18 months and 90% of businesses that lose data from an incident are forced to close within 2 years.
Benefits of Business Continuity planning include:
- Having an effective response to disruptions minimises the impact to your organisation.
- Ability to manage uninsurable risks and potential reduction in insurance premiums.
- Reducing financial losses that may occur.
- Ability to retain custom during an incident and preventing loss of business to competitors.
- Enhancing reputation and building customer and staff confidence.
By following a few simple steps you can be sure not to be surprised by the unexpected and stay safe if an incident occurs. Visit our YouTube channel for videos on how you can be prepared or watch this Brief Introduction to Business Continuity.