Business interruptions can have serious consequences. One of every four businesses forced to close because of a disaster never reopen.
We can’t control natural or man-made disasters – but we can control how we prepare for and respond to them.
Business continuity management, or the combination of business interruption insurance and business continuity planning, is the only way to prevent a disaster from having a detrimental impact on your business.
Business interruption insurance is a financial assistance to help get a company back on its feet quickly following a business interruption. Originally designed for the manufacturing industry, business interruption insurance transfers risks and provides resources that aid in recovery in all industries and get your business back up to speed as soon as possible.
To protect your business, use business continuity planning toolkits to identify vulnerabilities and create a plan to minimize their impact. Combined with business interruption insurance, your business will be protected and your team will know how to recover quickly in the event a disaster does occur.
For more information on business continuity management, view this webinar, hosted by Cornerstone's Loss Control Consultant Tom Scherrer.