Business Continuity Plans (BCP)
Stuff happens. That's just part of life, and we plan for it. The same should be true for business When stuff like natural disasters or fires occur, your production lines could be shut down because you don't have the materials. This not only costs you money, but also damages your brand. Insurance does not cover all costs and cannot replace customers. That is why you and your suppliers should have a business continuity plan.
Benefits to having a BCP:
1. Helps to protect your brand and reputation
2. Potential lowers insurance rates as well as reduce revenue losses
3. Identify areas of weakness for you and your suppliers
3. Demonstrates preparedness to customers, shareholders and investors