Business Continuity Costs
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Business Continuity - What Are The Costs?
The following will give you an idea of what it may cost to develop a disaster protection and business continuity plan. Some of what is recommended can be done at little or no cost. Use this list to get started and then consider what else can be done to protect your people and prepare your business.
• Meet with your insurance provider to review current coverage.
• Create procedures to quickly evacuate and shelter-in-place. Practice the plans.
• Talk to your people about the company’s disaster plans. Two-way communication is central before, during and after a disaster.
• Create an emergency contact list, include employee emergency contact information.
• Create a list of critical business contractors and others whom you will use in an emergency.
• Know what kinds of emergencies might affect your company both internally and externally.
• Decide in advance what you will do if your building is unusable.
• Create a list of inventory and equipment, including computer hardware, software and peripherals, for insurance purposes.
• Talk to utility service providers about potential alternatives and identify back-up options.
• Promote family and individual preparedness among your co-workers. Include emergency preparedness information during staff
meetings, in newsletters, on company intranet, periodic employee emails and other internal communications tools.
• Buy a fire extinguisher and smoke alarm.
• Decide which emergency supplies the company can feasibly provide, if any, and talk to your co-workers about what supplies
individuals might want to consider keeping in a personal and portable supply kit.
• Set up a telephone call tree, password-protected page on the company website, an email alert or a call-in voice recording to
communicate with employees in an emergency.
• Provide first aid and CPR training to key co-workers.
• Use and keep up-to-date computer anti-virus software and firewalls.
• Attach equipment and cabinets to walls or other stable equipment. Place heavy or breakable objects on low shelves.
• Elevate valuable inventory and electric machinery off the floor in case of flooding.
• If applicable, make sure your building’s HVAC system is working properly and well-maintained.
• Back up your records and critical data. Keep a copy offsite.
More than $500
• Consider additional insurance such as business interruption, flood or earthquake.
• Purchase, install and pre-wire a generator to the building’s essential electrical circuits. Provide for other utility alternatives and
• Install automatic sprinkler systems, fire hoses and fire-resistant doors and walls.
• Make sure your building meets standards and codes. Consider a professional engineer to evaluate the wind, fire or seismic
resistance of your building.
• Consider a security professional to evaluate and/or create your disaster preparedness and business continuity plan.
• Upgrade your building’s HVAC system to secure outdoor air intakes and increase filter efficiency.
• Send safety and key emergency response employees to trainings or conferences.
• Provide a large group of employees with first aid and CPR training.