Businesses can be impacted by a wide variety of incidents such as severe weather, burst pipes, server failures and fires. Chubb risk managers advise that one of the best ways to make sure your business is prepared for recovery is to develop a business continuity plan.
What Is a Business Continuity Plan?
Here are some tips for getting your plan started and keeping it up to date:
Build a team. Get support from top management and assign an individual to lead the process. Then assemble a core team from across the organisation, with representatives from each critical department, ensuring that roles, responsibilities and competencies required for a Business Continuity Management Systems (BCMS) are addressed.
All content in this material is for general information purposes only. It does not constitute personal advice or a recommendation to any individual or business of any product or service. Please refer to the policy documentation issued for full terms and conditions of coverage.
Chubb Insurance South Africa Limited (Reg. No. 1973/008933/06), a licensed Non-Life Insurer and an authorised Financial Services Provider (FSP:27176). Ground Floor, The Bridle, Hunts End Office Park, 38 Wierda Road West, Wierda Valley, Sandton, 2196