The Value Of Creating & Maintaining a Continuity Plan

The Value Of Creating & Maintaining a Continuity Plan

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No one wants to talk about the possibility of a disaster or crisis happening to their business, so why should you?

2018 Natural Catastrophes

Natural catastrophes may occur in your business’s geographical area, and having a solid business continuity plan in place before a natural disaster happens is critical for ensuring a smooth response. The following statistics emphasize the financial costs associated with natural catastrophes – Insured losses due to natural disasters in the United States in 2018 totaled $52 billion, according to Munich Re, down from $78 billion total for 2017. Wildfires, heat waves and droughts, with $18 billion in losses, accounted for 34% of the U.S.’s insured losses in 2018. Tropical cyclones accounted for another 30% of insured losses with $15.6 billion, followed by severe thunderstorms losses with $14.1 billion, or 27% of the 2018 insured losses. Winter storms and cold waves with $3.0 billion in insured losses, floods and flash floods with $1.2 million in insured losses and earthquakes and other geophysical events accounted for the remainder of 2018 natural disaster losses.

Source: https://www.iii.org/fact-statistic/facts-statistics-us-catastrophes

Having a continuity plan in place shortens the time you are out of business, and losing money. To ensure you are maximizing your efforts you will need to identify the impact of each disruption. Determine the length of time that clients or services can be without. Identify areas of potential revenue loss, creating a plan to get the highest losses fixed sooner. Identify any additional expenses that may arise and cause either negative or positive impacts. Knowing ahead of time how much money you will need to expend in times of emergency will help keep your business afloat.

 

Also! Be sure to remember that when business continuity management plans are in place before a disaster occurs, organizations are often afforded lower insurance premiums. Stakeholders can rest assured that when (and if) a disaster strikes, the gears of their investments will continue to turn.

See What Our Clients Say

Mark S.

"We were very happy with the work performed by MacFawn. The project manager was a huge help in the beginning, giving us information and assessing the issue. Then, the technician who performed the actual work was really friendly, courteous, and knowledgeable. I could tell he actually cared about making sure this was all done the right way."

Weston Alexandar

"I called MacFawn last week when my basement flooded and they responded promptly; materials in hand and ready to work. They gave me a more than fair estimate of what the work would cost before they started and were in and out. They completely dried out my basement in a matter of a day or so and gave me sound advice on preventing mold growth and what to look for in the future to bypass anymore damage. I would highly recommend these folks. "

Allison Murphy

"These guys are by far the BEST in the area. I called them when I discovered my basement was full of water and they were at my house in Slingerlands in 35 minutes FLAT. Professional, courteous, knew what to do and did it quickly. After my basement was dried there were no visible signs of mold growth. They did an excellent job. I don't think I've ever had a service call show up that quickly. I would highly recommend."

Mary Becker

"My house had a great deal of damage from a storm in the capital region last year and I had NO CLUE who to call. MacFawn Fire and Flood also works with emergency storm damage apparently. A friend recommended them and once they were on the scene, everything fell into place. The owner has liaised communication with my insurance company on more than one occasion and gave me the tools I needed to stay afloat while we are out of the house during the restoration process. They were done in about 2 weeks for a job that I was initially told would take up to three months. Staff on the field are wonderful and the administrative support was second to none. I don't know what we would have done if we hadn't called these guys. There was a lot of damage that led my family into a state of panic and chaos. They helped get us out of a roach motel our insurance company placed us in and into an apartment that our insurance company paid for in full. Our lives went from being in panic to being on a stay cation while they worked on our home. I can't thank them enough for all of their support and assistance. Great crew!"

Mel Paroff

"This firm was fantastic. Their response and the quality of their work was phenomenal. I highly recommend them for any emergency service work. "

Eric Bamberg

"Literally life saving. After our home was infiltrated with toxic silica dust from a nearby construction project, MacFawn saved us. We discovered the mess after 7pm on a Friday. That night they reached out to cleaners, we had an on site quote Saturday and by sundown Sunday, our home was both clean and safe. Within a week the entire inside and outside were spotless after a window cleaning specialist came a few days after the interior clean up. The crews inside our home were kind, professional and did an excellent job!"