skip to main content

Plan ahead

Business continuity risk management

Each year, thousands of businesses and organizations are affected by man-made and natural disasters.  Fires, tornadoes, hurricanes, floods, explosions, winter storms and earthquakes cause extensive damage and disrupt the ability to operate.  It has been estimated that over 40% of businesses closed by a catastrophe or disaster never reopen.  A pre-defined business continuity plan can help ensure your business does not add to this statistic.

A properly designed business continuity plan is intended to help return an organization to pre-disaster operation as quickly as possible, with the ultimate goals of lessening the overall business impact of the event and ensuring the company survival.


  • A good business continuity plan identifies the pre-set arrangements needed on "stand-by" in order to get vital functions operating again with as little delay as possible.
  • Ensures the availability of necessary resources including personnel, information, equipment, financial arrangements, services and accommodations.
  • Assures essential clients’ needs are met until normal operations are resumed.

Don't be intimidated or overwhelmed by the prospect of developing a business continuity plan. Develop a planning schedule and work on the plan step-by-step and in stages, if necessary.  Remember that preparing a business continuity plan is not a "one-shot" project or a one-time activity but rather an integral part of an effective business strategy. 

Make sure the plan is simple, straightforward, and easy to understand.  In order to be effective, it must also be realistic, up-to-date, tested and familiar to those responsible for implementation, possibly in the midst of post-emergency chaos.

Read Risk Control's Business Continuity Risk Management Guide and learn how to prepare for Natural Hazards.


Prepare for the unexpected.

The Insurance Institute for Business & Home Safety (IBHS) has launched a new version of its popular business continuity planning toolkit, OFB-EZ (Open For Business-EZ). This streamlined program guides users through an easy process to create a recovery plan.

Get started today »