RecoveryWise 2017-05-18T16:21:48+00:00

…would you be ready to bounce back?

Statistics show that one in four businesses do not re-open after disaster strikes, and many that do re-open struggle to stay in business. Preparing ahead of time greatly increases your business’ chances of surviving and resuming operations after an incident. For this reason, a significant part of your Risk Management program should be dedicated to ensuring business continuity and resumption of normal operations as quickly as possible. Having a Business Recovery Plan is the best way to ensure this happens.

The purpose of a Business Recovery Plan is to minimize the operational, financial, legal and other material consequences, including your business’ reputation, that arise from a disruption. The plan covers policies, standards, and procedures for ensuring that specified operations can be maintained and recovered in a timely fashion in the event of a disruption.

A Business Recovery Plan has three components:

  • An Emergency Response Plan: The initial actions required to facilitate communication and minimize damage
  • A Business Continuity Plan: The actions required to ensure essential services resume immediately
  • A Business Resumption Plan: The actions required to resume normal operations


Numerous benefits can result from having an effective Business Recovery Plan:

  • Ensuring the safety of company employees and the general public
  • Minimizing potential revenue loss
  • Preventing loss of confidence in the company
  • Reducing the probability of a disaster or disruption occurrence
  • Reducing the disruption of normal operations
  • With a plan in place you will put yourself at a significant advantage over your competitors.


There are several core principles of a Business Recovery Plan:

  • Essential services must be clearly defined
  • Senior management must have input and concurrence
  • Plans need to be clear and simple to follow
  • Plans must be distributed amongst all stakeholders
  • Validation and continuous updating must be proactively conducted to keep the plan viable

Business Continuity Cycle

The Business Continuity Cycle chart demonstrates how the Process of recovering from a disaster occurs.

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