Disasters are unpredictable and recovering from one can end up costing your business thousands of dollars, as well as its hard-earned reputation. A disaster recovery plan can ensure you can resume operations faster and save both.
Why You Need A Disaster Recovery Plan (DRP)
A DRP is basically a detailed document explaining the steps which should be taken during and after a disaster to ensure business continuity. It also contains a list of personnel who are responsible for taking care of said steps.
The instructions in that document can literally save you thousands of dollars in lost business and productivity. Even if the risk of a disaster occurring is low, can you risk being unprepared, and then one hits without warning? If you have a disaster recovery plan already, you can rest assured knowing your business will recover, regardless of the severity of the disaster.
There are three (3) types of disasters that are considered in a DRP:
Technological risks – This includes structure and hardware failure. With a plan in place, you will be able to replace them easily and significantly reduce downtime.
Human risks – This includes sabotage and cyber attacks by hackers. It can also involve a disgruntled employee who decides to take revenge on ex-employers by leaking company secrets. With a DRP in place, you will know exactly how to deal with these attacks and minimize damages.
Natural disasters – This includes anything Mother Nature can dish out, such as earthquakes, landslides, floods, etc. With a plan in place, you can get damaged systems and work stations replaced on time.
Any one of these disasters can bring your organization to its knees, no matter how successful it is. For example, if you lose valuable company data from office systems after a blackout and don’t have backups, you may have to restart projects from scratch. You can clearly imagine what that would do to your business reputation.
Rather than asking HR to draft a plan for you, choose professional organizations, such as the SIA Insurance Group. We take a proactive approach to insurance and will work with you to create a custom disaster recovery plan that can mitigate risks before they become a problem. We cater to the small and middle markets using cutting-edge solutions that can help them remain stable during difficult times. Allow us to help you increase your insurance coverage with relevant solutions that can protect your business from risks that you may not be able to control.
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