A global economy brings with it business risks that are no longer unimaginable. An emergency disaster plan might have been an appropriate risk management approach at one time, but the challenges businesses face now are more complex and require a more comprehensive approach.
Gallagher professionals will work with your team to develop a business continuity plan to help assure the continuation of your business before, during and after a major crisis. We will look at your organization, recommend the appropriate administrative structure to be put into place and:
identify critical systems and operations
perform a risk impact analysis
identify the financial costs associated with a failure
generate recommendation to eliminate, mitigate, or transfer the risk
establish recovery objectives, timeframes, resources and plans
develop crisis communications plans, including information telling employees where to go, who to contact and what to do
Risk Impact Analysis
All threats aren’t equal. What might be a major threat to British Columbia businesses, may be an unlikely exposure for businesses in Manitoba. Some common risks businesses face include:
A risk impact analysis quantifies the likelihood, impact, forewarning, onset speed, duration and intensity of the threat in order to determine the best approach for establishing recovery plans facilitating the continuation of business.
