COVID-19 Resources for businesses
As the pandemic continues to evolve, check here for resources and information specific to all businesses, including wholesalers, retailers, restaurants, grocery stores, automotive dealers and repair.
Share this page
Resource spotlight: Business continuity planning guide
Statistics show that one in four businesses do not re-open after disaster strikes, and many that do re-open struggle to stay in business. Preparing ahead of time greatly increases your business’ chances to survive and resume operations after an incident. For this reason, a significant part of your Risk Management program should be dedicated to ensuring business continuity and resumption of normal operations as quickly as possible.
Having a Business Recovery Plan is the best way to ensure this happens. The purpose of a business recovery plan is to minimize the operational, financial, legal and other material consequences, including your business’ reputation, arising from a disruption. It includes policies, standards, and procedures for ensuring that specified operations can be maintained and recovered in a timely fashion in the event of a disruption.
A business recovery plan has three components:
- An emergency response plan— The initial actions required to facilitate communication and minimize damage.
- A business continuity plan— The actions required to ensure essential services resume immediately.
- A business resumption plan— The actions required to resume normal operations.
Click here to access the document.
