collage_servicesA business continuity plan is a written document that summarizes steps to take in the event of a disaster (manmade or natural), assessing the business’ ability to recover from the loss event and subsequent business interruption. It is a hedging tool against the impact of a disruption on an organization.

The plan also includes estimated recoveries for loss of business income due to:

  • Business locations
  • Key suppliers
  • Customers
  • Adjacent buildings
  • Key objects (such as bridges, highways), and utility interruptions

The BCP outlines the decision-making framework and advanced arrangements and procedures that enable an organization to maintain an acceptable level of operations in the event of a disruption.