Business Continuity Planning/Disaster Recovery
This is another area of the risk management process which has gained recognition in recent years as a discipline in its own right.
Lenders, customers and other stakeholders are increasingly taking an interest in the provision of business interruption procedures when entering into or renewing contracts or the funding of such arrangements. Many lenders view such plans as an integral part of their security.
The most effective plans are those which have been devised by clients themselves and have been contributed to by a team covering all aspects of the business and which is regularly reviewed and updated.
We can provide support in this area in a number of ways from simply providing frameworks for plans, calling on existing insurers for support through to introductions to expert market business continuity consultants.
This subject will form part of our regular review discussions with clients on an ongoing basis.