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Your ability to keep trading in an emergency is critical to ensuring that essential functions of your business can carry on. Businesses should be aware of potential hazards (they can come from within or outside the organisation) that affect their ability to function.
Business continuity is all about thinking ahead about what might affect your business, and planning to ensure your business can survive the emergency. Many businesses will already have plans to deal with sudden commercial risk. These may include events such as the failure of critical suppliers, an unexpected bad debt, industrial action or the discovery of a serious fault in a product or process.
Planning for the aftermath of major incident whether this be fire, flooding or even a terrorist incident is very similar.
For example, a major incident could have the following consequences:
Experience shows that organisations with business continuity arrangements in place are more likely to stay in business and recover quickly in the event of an emergency, than those who do not. There are simple steps that you can take to increase the chances of your business surviving a disruption.
A business continuity plan could help your business prepare and recover more quickly. A plan that sets out the clear roles and responsibilities supports staff to manage during difficult circumstances.
We have produced a guidance handbook on how to make a business continuity plan:
A business continuity plan: