7 February, 2017
Why Is Business Continuity Important?By
Protect your company with a proactive business continuity plan.
Across the nation, we’ve seen severe weather, unprecedented destruction, and a large decline in open businesses after a disaster. Business owners already have a lot on their plate, but developing and maintaining a business continuity plan is the key to survival.
Why Business Continuity?
Business continuity planning is a critical component of any recovery strategy. It delivers clear communication to your team members about how to handle and what to do in an emergency as well as helping your business to open its doors after a disaster. Commonly confused with disaster recovery planning and insurance, a business continuity plan is a proactive plan that details steps to be taken before, during, and after an event to maintain the business’s financial future. Disaster recovery is a reactive plan for responding after an event and insurance is coverage that aids expenses after a peril.
It’s a Good Investment
Businesses commonly believe that they don’t have time to make a plan for the future. Developing a plan is actually a good investment in your company. Your fixed costs will continue after an event, whether or not you’re open for business. The quicker your operations return to normal, the more likely you are to recover from an event successfully.
After the earthquakes, hurricanes, rainstorms, and windstorms that occur annually throughout the nation, businesses would be wise to prepare for such an event to occur in their corner of the world.
It Protects Your Company
Even though your business may be more successful than ever, most companies struggle to reopen their doors after a disaster. Major and minor disruptions are costly to your business in more ways than one, and every business, large and small, incurs these costs. It doesn’t take a lot to shut down a business. Even small disruptions like power failures, broken water pipes, and loss of computer data leaves companies high and dry. Don’t wait until it’s too late; secure protection today.
For help finding the right business insurance in Connecticut, and the surrounding cities, contact the independent insurance professionals at North American Underwriters. Serving New Britain, Bristol, Farmington, Plainville, and all of Connecticut; we will work with you to ensure you have the right amount of protection for your specific situation, all at the right price.