If your business was hit by an emergency like a fire, flooding or fraud, would you be able to keep going?
Natural disasters, loss of key suppliers and other emergencies can affect any business, from multi-national corporations to small corner shops. But there are lots of ways you can reduce these risks.
Business continuity management (BCM) helps businesses continue to operate in the face of unexpected events and adversity – whether natural or man-made.
Creating a plan
The Nottinghamshire Police website gives guidance on preparing a business continuity plan and the risks that we all face locally and nationally.
The Federation of Small Businesses and Association of British Insurers also have general advice on business continuity issues or concerns.
These are good places to head for general advice on business continuity issues or concerns.
Fire can devastate a business through loss of:
- computer systems
- important papers
Insurance can cover some costs, but the impact of long term loss of trade whilst a business is unable to run can be difficult to prevent. For information on how to protect your business from fire visit Nottinghamshire Fire and Rescue Service's business website.
Flooding can also wipe out stock, computer systems, papers and vehicles. This can mean long-term repairs with buildings out of use for weeks or even months. Visit the Environment Agency website for advice on ways to protect or reduce the risk to your business from flooding.
Computer fraud and cyber attacks
Having your computer system hacked can not only put your business at risk, but can leave you open to investigation under data protection if customers’ details are stolen. Check out get safe online for advice on how to ensure your systems are safe.
Does your business rely on a small number of suppliers? What would happen if they went out of business overnight? Having robust contracts as well as backups and alternative plans, could prevent your business from being dragged down by another.
The Business Continuity Institute surveys businesses annually to assess resilience against supply failure and offers wide-ranging advice on business continuity.
Burglary or robberies can mean a loss of goods and also present a risk of harm to staff and customers. Make yourself, your business and your staff less vulnerable to crime by following advice from Nottinghamshire Police.