Survival is not compulsory...having a continuity plan makes business sense!
The 1996 Manchester bombing had a devastating affect on local businesses. With a 700m cordon the bomb affected over 600 businesses. Within 6 months 250 of these had gone bust.
The estimated cost of the Manchester bomb was £100m, with an additional £400m of insurance claims.
Many of the businesses that survived the Manchester bomb had Business Continuity Management plans in place – however it has been assessed that businesses affected by a disaster that do not have a plan in place only have a 50% chance of surviving the next 12 months.
More likely threats to your business may be from fire, theft, fraud or vandalism. Serious storms, floods or water escape from other sources can also have a major impact. Flooding on average costs the UK £600m per annum, and the January 1990 storms causing insurance losses of £500m.
Depending on the size and nature of your business you may require more or less comprehensive plans to be in place. Look up the Bedfordshire and Luton Local Resilience Forum website and choose 'Get Ready', where you will be able to find out information about a 10 minutes self assessment for your business to see how prepared you already are, and find out more information on whether you should have further measures in place.
This information is FREE - the only cost is your time.

