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Business Continuity Planning

Evaluate threats and create strategies to prevent and minimize effects to your business

Companies face different kinds of natural and man-made threats for which they need to prepare. In an age of lean manufacturing, outsourcing, and financial uncertainty it becomes increasingly difficult to prepare for emergencies and ensure business continuity after a disaster happens. TÜV SÜD Global Risk Consultants’ (GRC) experienced and trained experts are able to assess critical key components and help you to create a sound business continuity plan to enable ongoing operations.

WHAT IS BUSINESS CONTINUITY PLANNING?

Regardless of their industry, all companies are exposed to risks that can be attributed to a range of natural and manmade disasters, supply chain risks and/or utility outages, and such incidents have the potential to disrupt critical operations, creating catastrophic results. According to Allianz’s 2015 Global Claims Review, the impacts of Business Interruption (BI) have been ranked as the top risk faced by global businesses, and the consequences of such disruptions can be seen in industries and facilities around the world. Some of the top causes of BI include fire and explosion, storms and natural disasters, machinery breakdown, and human operating error.

Experience has proven that companies which are unprepared for a disaster are less likely to survive one, regardless of the company’s fiscal condition or insurance coverage.

WHY IS BUSINESS CONTINUITY PLANNING IMPORTANT FOR MY BUSINESS?

Identifying business interruption risk, quantifying the potential impact to your company, developing mitigation strategies, and preplanning for a disaster are the keys to survival. These tasks are generally referred to as Business Impact Analysis (BIA) and Business Continuity Planning (BCP).

TÜV SÜD GRC’S BUSINESS CONTINUITY PLANNING SERVICES CAN KEEP YOU PREPARED

In an age of lean manufacturing, outsourcing, and financial uncertainty, risk managers are faced with the daunting task of keeping abreast of their company’s Interdependent/Contingent Business Interruption Risk (IBI/CBI). But the need is greater than ever when you consider the following factors:

  • Regulations and standards such as ISO 22301, ISO 31000, NFPA 1600, and Sarbanes – Oxley hold officers accountable
  • Greater sensitivity to interruption of revenue stream from natural and man-made disasters
  • Increase in disasters (man-made and natural) with an extensive history of failures
  • Increased insurer focus on BCP/supply chain loss potential

WHY CHOOSE TÜV SÜD GRC AS YOUR BCP DEVELOPMENT PARTNER?

Our experts will use our knowledge of your company, industry, equipment, production bottlenecks, and exposures as the key components of the BCP process. Unique offerings to our clients include:

  • Manufacturing Expertise: Many BCP consultants focus on finance and information technology while leaving production and supply chain vulnerable. We know industry and processes, and we leverage that knowledge for your benefit.
  • Customer Insight: We know our clients because we go to your sites.
  • Risk Management Expertise: Business Interruption, Interdependency, Contingent BI; we live these enterprise risk management issues every day.
  • Independence: You own the information, not a third party or insurer.

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