The events of the past year have brought us all a keen awareness of
events that can destroy, if not severely damage a company's business.
There are definite steps that must be taken to identify events that can
impede a company's ability to operate. Jamison Risk Specialists will
assist clients to develop strategies that will lessen their exposure to
loss. |
As an integral part of a Risk Management Program, Disaster Recovery
Plans focus on the following objectives; before, during and after a
loss:
- Before the Loss
· Efficiency and growth
· Compliance
· Focus on manageable risks
· Minimum variance from goals; stability; profit maximization
· Cash flow often stressed
- During the Loss
· Backup of systems and processes (i.e., computers)
· Awareness that certain types of claims can have great duration as an
ongoing event
· Focus on control of the overall situation will often be a goal
- After the Loss
· Survival (developing alternative strategies encompassing all aspects of
your business)
· Profitability, or the return to profitability may become more of a
focus
· Stability (return to efficiency, competitiveness, profit maximization
as soon as possible)
· Citizenship - not to appear to be "bad guy"; may entail expenditures
(public relations) that
were not deemed necessary before a major loss occurred
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