Nearly 40% businesses do not survive disasters, be it floods, hurricanes, or pandemics. That is not all, the business can also suffer thousands of dollars of damage and lose business continuity. The best way to prepare for such disasters is to have a pre-loss and continuity plan ready. Such a strategy can minimize the damage suffered from the disaster while making the restoration process much faster with better results.
A business pre-loss and continuity plan entails strategic procedures that need to be carried out to protect the property and contents before the tragedy, and make the restoration process simple post-disaster. To ensure that the continuity plan is sufficient for modern businesses, they must include the following components.
Risk Assessment and Impact Analysis
The first step of the business continuity plan is risk assessment. Here, all kinds of potential threats to the business and its operations are identified by technicians. Following that, impact analysis takes place where the damage and operational impact is calculated. Having these two factors at hand makes planning the strategy straightforward and adept to suit a particular business.
Areas of Responsibility
Often, inadequate continuity plans lack areas of responsibility, which shouldn’t be overlooked. With areas of responsibility, the employees are assigned specific roles in case of a disaster as per their strengths and qualifications. For example, in case of flood damage, it must be the IT-technician’s responsibility to secure digital equipment and data to the best of their ability.
Off-Site and Cloud Data Backup
It is not always possible to protect everything. In case of major disasters like a fire outbreak, human life takes precedence, and the building must be evacuated at the quickest possible. In such cases, the data gets burned, which can lead to many issues for the business. The best solution is to have the same data digitally backed up at a separate location. This also helps the business resume operations from another site quickly.
Alternative Communications Plan
Similarly, the business building or office may be compromised due to disasters, where operations may be impacted. It is vital to have procedures in place to restart the operations from another location, be it an alternative office or the employees’ homes. This also helps the business address clients and customers about the disaster without leaving them in the dark.
Recovery Phase
The business continuity plan must include a recovery phase that is supported by recovery teams. This phase is responsible for restoring the business to its pre-damage stage where the building is restored, full-fledged operations are resumed, or the electronics are cleaned and restored. This phase varies from business to business, but in essence, it is vital for the business to get back on its feet.
Such disasters often occur without any warning. At those times, you need an adequate business continuity plan that will support your business through the difficult time. Nationwide Restorations provides you with a detailed procedure and continuity plan in Regina to ensure your business stays operational and faces minimal disruption and damage. For more detailed information on our business continuity plans, reach out to us at +1-844-364-9433.