If the unthinkable were to happen, many small business could find that they have lost everything. The British Insurance Brokers’ Association are urging small to medium sized business to make sure they have a robust continuity plan in place, which could help to save their business.
Government figures indicate that one in five businesses suffer a disruption each year, and that 80per cent of them close down within 18 months of the incident. Such emergencies include, acts of god, such as fire and flood, terrorism and viral pandemics. The British Insurance Brokers’ Association claim that small businesses are important to economy and that we cannot afford for them to be complacent.
Our view
This is known as having a ‘disaster recovery’ plan. At , our front and back office data is ‘backed up’ everyday. There are two separate, secure, ‘back up’ locations for our website data and two separate ‘back ups’ of our main back office systems data that are taken to different locations everyday. Even our thousands of emails are archived and ‘backed up’. We strongly advise all businesses to back up their Information Technology systems in a secure place, away from the normal workplace and to take photographs of valuable assets to aid an insurance claim and have an inventory of all goods, equipment, software licences and their serial numbers.