Business continuity is the ability of an organization to maintain essential functions during, as well as after, a disaster has occurred. Business continuity planning establishes risk management processes and procedures that aim to prevent interruptions to mission-critical services, and re-establish full function to the organization as quickly and smoothly as possible.
Business Disaster Stats:
- Forty percent of businesses do not reopen after a disaster and another 25 percent fail within one year according to the Federal Emergency Management Agency (FEMA).
- Similar statistics from the United States Small Business Administration indicate that over 90 percent of businesses fail within two years after being struck by a disaster.
FEMA provides tools to assist with flood insurance and other natural disaster mitigation efforts.
Stay Informed: Cape Cod local radio station 99.9 will broadcast advisories if their are any local disasters, reading the Cape Cod Times, watching the news and regularly visiting BCREPC will help you prepare for any local disaster.
Insurance Policy: establish, understand, and document what your business insurance policy will and won’t cover in the event of an emergency. Don’t get blindsided by additional insurance fees you did not foresee. Call your insurance provider today.
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