Reconnecting business
Martin Singleton examines what influences cover for revenue and profit streams and the factors that should be taken into consideration when preparing business continuity plans to ensure that an operation can recover from a disaster
Recent weather events across the UK and continuing large fire losses are a timely reminder that, often, not enough attention is paid to the cover arranged for protecting the revenue and profit streams of businesses and to the preparation for an interruption to trading. This is particularly apparent when it comes to setting the sums insured, a realistic maximum indemnity period and preparing a workable business continuity plan.
A BCP has two primary objectives, to minimise the risk of a disaster
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