Business Continuity
Safeguarding your business for the future.
Business continuity planning doesn’t have to be complicated and by investing a short amount of time upfront you could save your business money and protect your brand reputation in the long run.
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Overview
Business continuity planning and assessing your businesses resilience can often be forgotten about during the day-to-day running and as a result many business owners are not prepared when an incident or disruption occurs.
We know recovering from disruption or an incident can be challenging. But if you have a plan in place this will help you to identify potential single points of failure and highlight measures that could help to limit any impact - giving you more confidence that your business will survive in the event of an incident.
So, to help support our small business and farming customers, we’ve partnered with business continuity experts Inoni, to produce a range of tools to help make sure you’re prepared should the worst happen.
We provide Business Continuity templates for:
- Hospitality and leisure.
- Services Sectors.
- Manufacturing.
- Wholesale and distribution.
- Retail.
- Farm and agriculture.
In our toolkit you will be able to:
- Identify possible areas you need to address.
- Access free downloadable templates to help you create a working business continuity plan.
- Read our latest news articles which highlight some of the main risks you need to consider when assessing your businesses resilience.
Information contained in the content, articles and templates are for guidance and information only, NFU Mutual and Inoni are not responsible for any actions taken or not taken by individuals as a result of the information provided. Legislation, regulations, and practices may change over time requiring alternative action by individuals.
FAQs
Taking steps like keeping an inventory, conducting regular training, planning investments, maintaining relationships, and implementing an equipment maintenance software system can help to mitigate equipment failure.
An example of equipment breakdown loss is the failure or malfunction of a critical piece of your business’ equipment i.e. a large industrial oven breaks and results in financial loss for your business.
If your business experiences flooding, your building, stock, supplies and equipment could become damaged, leading to potential contract, client and customer losses in some cases.
Researching which flood zone your business is in, signing up to receive flood warnings and protecting your building are just a few ways you can protect your business against the risk of flooding.
Having a plan in place that includes work-from-home capacity, production outsource, offsite IT or cloud backups and business interruption can help your business prepare for a flood.
Security threats for businesses can come in various forms. Physical threats may include theft or intrusion, whilst cyber threats may include hacking of your business’ computer system.
A site security assessment is designed to reduce potential threats, risks and vulnerabilities. By gathering information about a site’s physical security, current practices and measures are assessed to find new, more effective solutions and improve security strategies.
Any disruption to electricity, gas, water and telephone is considered a utility failure. These are necessary for safe building operations.
Yes, a business can claim for loss of power in certain circumstances but this will depend on the level of insurance you have and the cause of the power outage. So, it’s worth knowing exactly what your business insurance includes.