Business continuity plans likely to reduce premiums
New research has suggested that insurers are happy to provide premium discounts to companies that have business continuity plans in place.
The joint survey by the British Insurance Brokers’ Association (Biba) and the Cabinet Office found that 83.3% of insurers questioned would give a discount or improve terms to a business interruption policy if a business continuity plan was in place.
Biba said that the aim of the survey was to develop a clearer picture of the benefits of having resilience measures in place identifying them as: improved competitiveness, continuity of service during common disruptions and more serious emergencies
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