What is Business Continuity?

Business continuity is the ability of a business to continue operations with minimal disruption or downtime in the event of natural or intentional disasters. Business continuity planning is more than protecting company records and computer data. It is the way to get your business re-opened in the shortest time possible after a disaster.  Business continuity planning enables you to be prepared and ready to act to reduce the impact of a disaster.

 

 

 

What am I Planning For?

There are many scenarios when normal business operations can be disrupted. A disaster for your business is anything that can close your doors for an extended period of time.  Widespread national events or local isolated incidents can create circumstances that prevent your business from carrying out its normal work.

Being prepared is your best defense against business disruptions. Shield your company from today's increasing threats with proper business continuity planning.

 

Why do I need a plan? 

The simple answer is to stay in business.  The statistics are alarming. FEMA has found that 40% of small businesses never reopen after a disaster.

When Hurricane Hugo struck in 1989, parts of the Lowcountry were without electricity for a month. Even 80 miles inland, Berkeley County experienced wind gusts up to 120 mph and killed eight residents. Will your business be able to reopen quickly after the next major hurricane?

Charleston is the fourth largest seaport in the nation. Literally, tons of goods are transported by truck and rail every day. Have you considered the proximity of your business to railroads that carry chemicals and other dangerous materials? Eight people died from inhaling chlorine gas and over 5,000 thousand were evacuated when 16 freight cars derailed in Graniteville, South Carolina on January 6, 2005.  Would you know what to do if a chemical spill happened near your business?

In a 2001 study conducted by FEMA, Charleston ranked among the top 40 cities in the nation for high-loss potential due to an earthquake. In 1886, Charleston experienced one of the largest historic earthquakes in eastern North America, and by far the largest earthquake in the southeastern United States with an estimated magnitude between 6.9 and 7.3.

In 2004, researchers from the Charleston Seismic Hazard Analysis Consortium estimated 14 billion dollars in damage and potentially 900 fatalities with 45,000 injuries if Charleston experienced another 6 or higher magnitude earthquake. And it's likely to happen. The Consortium  reported that 137 earthquakes had been located in the Middleton-Place-Summerville Seismic Zone (MPSSZ) from 1996 through 2003. Do you know the standard safety procedures to take during an earthquake?

 

Plan Now

Being prepared saves lives, time and money. Most owners know they need to prepare, but put off developing a plan. The consequences of that decision can be staggering. Planning your response and recovery in advance is a critical factor in your business's ability to survive. Don't wait. Contact ABCS today to develop your business continuity plan.