Jacqueline Chunn, CISR Southern Insurance Agency Business Continuity
Jacqueline Chunn, CISR Southern Insurance Agency Business Continuity Management Services Agenda What is BCP?
BCP is. . . The process of identifying vulnerabilities that could cause a business interruption, and then creating a plan to mitigate (and respond to) these risks using both insurance and risk management measures. Why is it so
Important? Why is BCP Important? Business interruptions can have serious consequences.
Preparation is essential. Having documentation of individual and corporate roles and clearly defined responsibilities in response to a catastrophic event is the key to recovering your business. Nearly a quarter of businesses forced to close as a result of a disaster never reopen.
Column02 What is BCP? Business interruption insurance is. . .
Financial assistance to help get a company back on its feet quickly following a business interruption. The business interruption insurance paid for the 23 days we were down. Just by getting that money, it wasnt so hard for us to make our payroll. Joy Hoda
2010 Interview with the Insurance Information Institute What is BCP? Business Continuity Plan
Why is BCP Important? 30 percent of businesses that back up their data do so because of prior data losses. Corporate data breaches are
on the rise. Column02 Column02 93 percent of companies that experience a major data loss are out of
business within 5 years. Steps to Take Conduct a Vulnerability Analysis of Your Risks Natural?
Political? Human caused? Technological? Accidents? Loss of ____? Newer threats? Segment Your Planning Into Sections
Business Impact Analysis Tabletop Exercises Tabletop exercises provide a means of practicing your companys business continuity plan and evaluating the resultwithout waiting until an
actual emergency occurs. A tabletop exercise asks the emergency management group (EMG) to address a simulated problemfocusing on the efficiency and effectiveness of the business continuity plan. Following a tabletop exercise, many companies find there are weak points in their business continuity plans that need to be addressed.
Vendor Communication Resources Vendor preparedness impacts your preparedness. Can you operate your business without your vendors? Ask them about their BCP.
Recovery Checklists Employee Communication Materials Questions?
Jacqueline Chunn Southern Insurance Agency 501 Hunt Club Drive Suite A Corolla, NC 27927 (252) 489-1929 Cell [email protected] www.southerninsurance.com/
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