What is Business Continuity?
Business Continuity is a company’s ability to maintain essential functions during and after a disruption, such as power outages or natural disasters. A robust Business Continuity Plan (BCP), along with business interruption insurance, forms the core of a Business Continuity Management (BCM) program, ensuring resilience in emergencies.
Why is Business Continuity Important?
More than 50% of businesses lack a formal emergency response plan, despite evidence showing its importance. In 2023, 55% of businesses faced significant financial losses due to business continuity incidents. A well-implemented BCP can mean the difference between recovery and closure following a disruption.
Who is Responsible for BCM?
Responsibility for a BCM lies with upper management, with department leaders regularly reporting on risks and controls. Larger firms often designate a Chief Risk Officer to continually assess and mitigate external threats to the company.
BCP vs. Disaster Recovery Plan (DRP)
A BCP focuses on maintaining business operations, while a DRP is designed to restore IT infrastructure and data after a disaster. Though distinct, both plans are often integrated in training and communications.
How We Can Help
The Works – Comprehensive BCP development tailored to your specific risks, partners, and emergency protocols.
- Initial Research Meeting & Enterprise Risk Assessment
- Role Assignment & Responsibility Definition
- Business Continuity Presentations
- Business Impact Analysis & Tabletop Exercises
- Partnership Oversight
- Development of Written Programs
- Program Implementation
- Department-Specific Training
- Ongoing Testing & Monitoring
Per Diem Services:
- Customized Business Continuity Plans
- Disaster Recovery Plans
- Data Recovery Plans
- Business Impact Analyses
- On-Site Inspections & Location Audits
- Health & Safety Management
- Tabletop Exercises
- Virtual & On-Site Training
- Safety & Emergency Management Committee Insights
- Tailored Service Plans
