The Balance Between Insurance and Business Continuity Planning
Posted by Matt Spada on Mon, Dec 14, 2009
There's that inevitable point when meeting someone for
the first time... Usually it's immediately following the first awkward pause,
where whatever you were initially chatting about reaches a natural end, and you
find yourself staring down at the drink in your hand. At these moments, there
are a few go-to topics: a) the weather, b) [insert local sports team] and c) "what
do you do for a living?"
When I mention that I work for a disaster recovery company,
most people aren't exactly sure what that means (or if you're like my
grandmother, you envision your grandson dangling precariously out of
helicopter, rescuing small animals post-Katrina). And for the sake of casual
banter, the best way in my experience to explain disaster recovery is to equate
it to insurance. There are natural parallels - especially given how Agility
structures our services into memberships - you pay us a small monthly fee, and if
you ever need us, we're there. No matter what.
Of course, having a business continuity plan and having
insurance are not the same things.
But they are complimentary to each other, and when used effectively, together they
can be the glue that holds your business together during an interruption. In
addition, there are also many misconceptions about the roles and interactions of
business continuity plans and insurance. Complex policies and coverages can lead to equally
daunting questions, such as:
- Is building a continuity plan enough?
- Do we carry enough coverage on our building?
- What costs would be incurred during a recovery?
This Wednesday, December 16th at 2pm, Agility Recovery Solutions will
be hosting another installment of our free webinar program, featuring Donald
Long, Manager of Business Risk and Continuity Planner with Kingsway America, Inc.
Don has more than twenty years experience on the subject, and the program will
be an incredibly valuable experience, as he discusses how to address these
questions and more.
Listen in, watch and learn. At the very least, there won't
be any awkward pauses.
- Matt Spada
Agility Recovery Solutions
Agility Disaster Recovery & Business Continuity Solutions
blog.agilityrecovery.com
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