Hurricane Sandy
Is your business prepared if an emergency, crisis or disaster happens?
First Interstate Bank Fire
Do you have an Emergency Preparedness and Business Continuity Management Program in place?
Business interruption events such as an emergency, crisis or disaster can occur at any time, seriously impacting the lives of family, friends, and business colleagues. It may be a minor event, such as a brief power outage or a major natural disaster, such as a hurricane, earthquake, tornado, flood, or a large fire. Perhaps, it is an information technology failure, a critical business partner business interruption event resulting in a supply chain management issue, a workplace violence situation involving a disgruntled employee or customer, a terrorist threat or attack, or a pandemic event immobilizing your workforce.
Property, casualty, and business interruption insurance alone does not help in keeping your business operational. You need a plan to get back in business on a timely basis, and The Tracy Group Inc. professionals can help!
Emergency Preparedness, Crisis Management, Information Technology Disaster Recovery, and Business Continuity Planning provide a pathway for continuing operations under adverse conditions by ensuring that critical business functions will be available to customers, suppliers, regulatory and other entities.
Business continuity planning is the process of preparing for business disruptions that can be caused by natural and man-made events. Business continuity programs reduce operational risk and increase organizational resilience. Business continuity is an important part of business management that ensures the organization continues with its core functions in case something unexpected happens.
Business continuity can be broken down into three phases:
1: Risk Assessment.
2: Development of a Business Continuity Plan
3: Training Personnel, Testing, and Maintenance of the Business Continuity Plan
Also included in the above-referenced three phases are practices such as business continuity management, crisis management, Emergency Response Plans (ERP), Information Technology (IT) Disaster Recovery, and organizational resilience.
Investors, clients, and insurance companies want reassurance that an organization can stay in business during a business interruption. Being prepared for business disruptions with a business continuity plan can build the organization's confidence, reassure investors and clients, help secure loans and grants, and keep the organization open for business when the inevitable happens.
The Tracy Group Inc.
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