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When any of us own a large purchase or investment, we protect that investment with insurance. Business Continuity Planning Enter, Business Continuity Planning , or BCP. Our logic when choosing insurance is that the cost of the insurance is justifiable based on the potential loss we would incur should the worse case scenario happen.
Traditional BCM is often limited to tactical response plans, perceived simply as insurance policies that rarely spark high-level executive engagement. Additionally, Pandemic/Epidemic Response Plans and Emergency Response & Evacuation Plans extend beyond routine challenges to encompass broader human and environmental risks.
What will the new normal look like following the Coronavirus Pandemic? I have included two videos below: A webinar on how to return to business following this pandemic. Feedback from BCP Builder Community on this topic – (this is the link to the original LinkedIn Post ): What will “the new normal” look like?
What will the new normal look like following the Coronavirus Pandemic? I have included two videos below: A webinar on how to return to business following this pandemic. Feedback from BCP Builder Community on this topic – (this is the link to the original LinkedIn Post ): What will “the new normal” look like?
These events can range from natural disasters and pandemics to technological failures and other disruptions that might threaten the normal functioning of healthcare facilities. Disruptions can lead to financial losses, especially if billing processes are impacted, insurance claims are delayed, or operational inefficiencies arise.
According to Parametrix , an insurance company specialising in Cloud outages, cyber insurance policies likely cover up to 10–20% of losses only. Having a business continuity plan [BCP] is invaluable, but you can’t foresee every type of event. Back in 2020, most organisations hadn’t planned for a pandemic, for example.
Regardless of their nature, weather-related events that cause havoc in our communities, pandemics that can wipe us out, or cyber-related incidents that can potentially shut-down our technology, these events require us to be more resilient. We are faced with many risks that can disrupt our livelihood and can jeopardize our existence.
Regardless of their nature, weather-related events that cause havoc in our communities, pandemics that can wipe us out, or cyber-related incidents that can potentially shut-down our technology, these events require us to be more resilient. BCP Guide table of Contents: Section 1 - Introduction to Business Continuity Planning (BCP).
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