Risk is part of everyday life. Some are controllable—walking, driving, or conducting business. Some are not controllable—natural disasters such as hurricanes, earthquakes, fires, and floods. Others are more common but not as serious in terms of life and safety: data breach, a protracted power outage, or a severe storm. But these can still threaten the long-term existence of a business.
BeneTechs DisasterGard℠ Services help a company understand the nature of risks, places them on a continuum, and creates appropriate mitigation plans. Fostering a culture of risk management is an essential part of the services. BeneTechs helps our clients using “best practice” procedures and provides the proper mix of services to resume operations in a timely manner, ideally within 48 hours following a major incident.
The need to recognize the different risks and plan for them in a practical manner becomes obvious when seeing the news. Response assistance is a valuable part of the service. Experience shows that no matter how many dry runs you may have, the real situation is never the same. And the advent of a disaster is no time to wonder what to do or start to create the plan.
Insurance Information Institute research shows up to 60% of businesses affected by a natural or human-caused disaster never reopen and if the disaster is considered major the impact goes up to one-of-two businesses never returning to the marketplace. Moreover, if they do return to the marketplace, half go bankrupt within three years. Survival requires planning. It’s that simple. Planning must be done before the disaster strikes. According to research by the Ad Council, sixty-two percent of businesses have no emergency plan. Having no plan is planning for disaster.
Primary Program Components
Tools to expedite recommended FEMA preparation protocols
BUSINESS CONTINUITY PLANNING
Portal for expedited creation of a custom business continuity plan
RISK ASSESSMENT/IMPACT ANALYSIS
Assessment guidance and impact procedures including discussions of major perils
Services include communications triage, administration of online platforms, fraud protection and document replacement.
ACHIEVING 48-HOUR RECOVERY
Emphasis is placed on 3 pillars of recovery:
- Data backup and retrieval
- Communication needs
- Alternate site location