• Hostile takeover                                              
• Earthquake
• Flood
• War
• Death of a key company leader or owner
• Catastrophic illness of a key leader or owner
• Absence of a key critical task employee
• Loss of your Rainmaker to another firm

How would you deal with these possible disasters? A continuity plan (also called a contingency plan or an emergency plan or a Continuity and resiliency plan) should outline your response. A contingency plan would identify the possible exposure of the company to risks and threats that could arise either internally or externally. It would then provide a protection, recovery and management plan to maintain organizational consistency and continuation while protecting the business, its assets and its competitive advantage.

How long would it take your business to recover from one of these emergencies? How much loss would the business sustain during the recovery period?

A continuation plan is typically one piece of a succession plan. It protects your business against all of the risks or threats you can imagine and outlines how the company will move forward after the event.

If you are operating a business without a succession plan and without a continuation plan, you need to stop and read a newspaper. These events might not be as unlikely as you think. If you cannot image any of these events creating an emergency for your business or if you do not know where to begin the task of creating a plan, call us now at 732-394-8489.