Why Business Continuity Planning?

Common Reasons for Business Continuity Planning:

• World is a more dangerous place
• Regulatory pressure to demonstrate business recovery planning (State, Federal, Industry)
• Fiduciary responsibility of the board of directors:
  For every dollar of insured loss an additional 3 dollars of loss is incurred due to
  damaged reputation, lost profits and indirect costs.
• Business survival:
  One third of businesses with fire losses fail within one year &
  another third fail within 5 years.
• Supply chain requirements – competitive pressure to perform
• Adverse audit finding