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DISASTER RECOVERY / BUSINESS CONTINUITY
Disaster Recovery is a term used to describe the operations undertaken to respond to a catastrophic event which makes the normal conduct of business impossible. This could be anything from a burglary, fire or flood to a building collapse.
A study conducted in the US (where such matters are taken very seriously post 9/11) by the University of Texas of companies that suffered a catastrophic loss found that 43% never reopened, 51% closed within 2 years and only 6% survived.
Disaster recovery is very much like purchasing flood insurance. For both flood insurance and disaster recovery outlays, the expected rate of return is negative. And for both, if no plans are in place when the worst happens, the consequences can be, well, disastrous. Disaster planning is imperative precisely because your firm will in all probability not recover if a workable disaster plan is not in place when the "big one" hits.
Every company, large or small, needs to have a Disaster Recovery / Business Continuity plan with records and documents prepared and the relevant procedures communicated to staff. It is also imperative that such plans are tested and kept up to date.
It will probably never happen, but if it did, what would you do?
We can help you to draw up a contingency plan and take sensible precautions to mitigate the impact on your business of flood, fire, accident or any other calamity.
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