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Continuity and recovery planning plays an important role in ensuring your business can still operate during and after severe weather event or other serious disruption. Business disruption costs money – lost revenues and extra expenses mean reduced profits. Having a plan and being able to put it into immediate action can mean the difference between staying open and shutting down for a few days (or even weeks and months). Up to 40% of businesses affected by disasters never re-open (Source: Insurance Information Institute).
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Continuity and recovery planning plays an important role in ensuring your business can still operate during and after severe weather event or other serious disruption. Business disruption costs money – lost revenues and extra expenses mean reduced profits. Having a plan and being able to put it into immediate action can mean the difference between staying open and shutting down for a few days (or even weeks and months). Up to 40% of businesses affected by disasters never re-open (Source: Insurance Information Institute).
Here are four steps to develop a business continuity plan- Conduct a business impact analysis to identify time-sensitive, critical business functions and processes, and the resources that support them.
- Identify and document resource requirements, determine gaps between recovery requirements and existing capabilities, select appropriate recovery strategies, and implement these strategies. Strategies may involve contracting with third parties, entering into partnership or reciprocal agreements, or displacing other business activities.
- Organize a business continuity team and compile a business continuity plan to manage a business disruption. Consider using the business continuity plan template from Ready.gov
- Conduct training for the business continuity team and testing and exercises to evaluate recovery strategies and the plan.
Get started on continuity of operations and recovery planning for your business.
- This SBA checklist provides a comprehensive outline of the disaster recovery process.
- Need help developing a continuity of operations or recovery plan? The U.S. Department of Homeland Security provides a six-part video series on business continuity.
- Identify your critical business functions using worksheets from the SBA and Institute for Business and Home Safety.
- Create a disaster recovery kit to protect important records and emergency items. These will be important to reconstruct vital information and establish operations following an event. The SBA provides a checklist of necessary items for the disaster recovery kit.
Done with the Continuity of Operations assessment? Go to the next section: Communication
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- Answered
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Question 1 of 17
1. Question
Does your business have a continuity of operations plan?
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Question 2 of 17
2. Question
Does your continuity of operations plan address the following: Essential personnel?
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Question 3 of 17
3. Question
Does your continuity of operations plan address the following: Essential services?
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Question 4 of 17
4. Question
Does your continuity of operations plan address the following: Essential equipment?
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Question 5 of 17
5. Question
Does your continuity of operations plan address the following: Alternate reporting locations?
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Question 6 of 17
6. Question
Does your continuity of operations plan address the following: Reopening?
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Question 7 of 17
7. Question
Does your continuity of operations plan address the following: Access to critical records?
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Question 8 of 17
8. Question
Are your employees familiar with this continuity of operations plan?
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Question 9 of 17
9. Question
Do you have at least 3 months of emergency operating funds?
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Question 10 of 17
10. Question
Do you have a plan for evacuation or sheltering-in-place plan in case of a severe weather event?
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Question 11 of 17
11. Question
Do you have a plan/strategy for re-entry to your physical location following severe weather events?
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Question 12 of 17
12. Question
Do you have agreements in place with service providers that you can execute during and after a disaster? (such as debris removal, generator placement, etc.?)
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Question 13 of 17
13. Question
Do you have generators on site?
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Question 14 of 17
14. Question
Do you have emergency supplies on site?
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Question 15 of 17
15. Question
Do you have a non-electronic way of receiving payments if the power is out?
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Question 16 of 17
16. Question
Do you have transportation to assist staff and customers during disasters or weather events?
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Question 17 of 17
17. Question
Have you received any training on business continuity?