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Business continuity planning

The Association of British Insurers report that many businesses that suffer a major insurable disaster never recover - and the majority never achieve the level of economic activity they achieved before the disastrous event.

How quickly and painlessly you manage to get back to “business as usual” following a fire, flood or other natural disaster or major interruption will depend on how effectively you can devise and put into action your own business continuity management.

Business Interruption insurance is only half of the solution. This will provide a financial safety net as the business recovers but failure to plan could be disastrous. You could risk losing your customers while you are getting your business back on its feet. At worst your business may never recover.

Do you know that:

  • 43% of firms without a business continuity plan never re-open after a catastrophe. (Source: Cummings, Haag & McCubbrey 2005)
  • 40% of businesses that suffer a critical IT failure go out of business within a year. (Source: Norwich Union).
  • Only 47% of organisations across the UK have a business continuity plan. However this figure drops to below 40% in respect of small businesses (those with less than 50 employees). (Source: Chartered Management Institute)

At Towergate Milton Keynes there are a number of ways that we can help, from simple web based tools, through to more in depth consultant visits, to find out more please contact us, our staff are available to take your call on 01908 258 388.

Please note this service is not regulated by the Financial Services Authority.

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