When disaster strikes, it’s important to have safeguards in position to ensure your business can cope with the set-backs. It it critical that your company has a disaster recovery program in place so that the business can get back to operating at maximum capacity again in the shortest time possible.
Emjay Insurance Brokers is ideally placed to assist our clients in this area. As well as our expertise in arranging business interruption insurance, our professional relationship with Risk Management Partners (RMP) – a specialist business continuity and enterprise risk management consulting firm – will ensure your company develops a robust business continuity plan (BCP).
The BCP consists of four steps:
STEP 1: Business Impact Analysis
RMP will work with company management to understand the potential impacts of disasters on its ability to function normally and to assess the consequential impact on its finances and reputation with key stakeholders. This process will deliver a Business Impact Analysis (BIA) that will outline the disaster risk profile of the company and the Maximum Allowable Outage (MAO) times of the critical business processes.
STEP 2: Business Continuity Framework
Upon completion of the BIA, the next task is to determine an appropriate business continuity framework that will ultimately support the detailed recovery planning required. Working with a Project Officer, RMP will develop the recovery structure, defining the key functions, the roles and specific responsibilities of each, and identify which positions should carry out these roles.
STEP 3: Recovery Strategies
RMP will develop a video conference or webinar workshop to ensure all staff at all business locations are fully versed in what the BCP means for them and their facility. On top of this, RMP provide mentoring services to appointed staff as they develop recovery strategies.
STEP 4: Desk Top Exercises and Maintenance
Once plans have been prepared, each needs high level testing of its effectiveness to maximise the likelihood of an adequate response to a business interruption.A number of desktop exercises, will be developed to thoroughly prepare staff and management for actual crisis scenarios. RMP will also provide a process to manage ongoing maintenance of the complete set of plans.
Working with RMP, it is possible to develop a complete business continuity plan in 12 weeks, allowing your business’s key stakeholders to live assured in the knowledge that their assets, income and reputation are being protected.
RMP has been operating since 2001 with Principal Consultant Bryan Whitefield having great experience in the design, implementation and testing of BCPs and risk management programs for more than 100 organisations across the public, private and not-for-profit sectors. RMP’s clients include AusAID, the Department of Foreign Affairs and Trade, Pro Pac Packaging Ltd, and the IRT Group.
For more details on developing a business continuity plan, contact us today on 02 9796 0400.