Business resiliency in uncertain times

Business resiliency in uncertain times

When it comes to business interruptions, being proactive is very important for recovery. Here are three things to consider to slow the effects of a business interruption.

Unforeseen disasters have been called “the great equalizers.” Extended disruptions and delays can put your business resiliency at serious risk. For all types of businesses, there is a common thread: those who plan and anticipate different ways of doing things will be in a better position to recover.

To mitigate business interruption, key areas to consider include:

  • Remote workforce: Situations may demand that employees work remotely, depending on the nature of the crisis.

  • Supply chain commitments: Supply chain resources and contingent recovery methods can help in areas of vulnerability.

  • Building and occupant protection: Various perils will have differing demands, but preserving your people and property is a focal point to a sustainable business continuity plan.

Use our guide below to prepare your business so it can thrive for years to come.  

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Additional resources

  • PE 1054 – Disaster recovery and business continuity plans

  • RC 5349 – Contractual risk transfer

Your safety and well-being are our primary concern. These suggestions are general in nature, so please ensure that any activities you contemplate comply with all federal, state, and local COVID-19 orders impacting your facilities or operations as well as CDC guidelines for social distancing, hygiene, and other recommended best practices.

Our risk control services are advisory only. We assume no responsibility for: managing or controlling customer safety activities, implementing any recommended corrective measures, or identifying all potential hazards. No attempt has been made to interpret any referenced codes, standards, or regulations. Please refer to the appropriate government authority for interpretation or clarification.

Source: https://safecosocialshare.page.link/K6oXj

 

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