How prepared is your business for an event that has the potential to shut you down, force a dislocation of key employees and/or potentially compromise your stored data?
Recently I had the good fortune to attend a presentation given by a gentleman whose expertise fell in this area that most of us are aware needs to be addressed but that typically isn’t. It’s kind of the business equivalent of estate planning for individuals.
He spoke about crisis management, business continuity planning and information protection that is in essence contingency planning for some exogenous event that is beyond the control of a business, unforeseeable and that could be devastating to the ability to conduct operations.
It would be a plan that once implemented “will mitigate those risks and protect critical business functions, assets and information with fast, comprehensive emergency response a key component to recovery.”
This type of plan will of course vary from business to business and from industry to industry but the basic premise is the same. Maintaining some semblance of business as usual that will keep a going concern going!
An example that he used was a steam-pipe rupturing in the heart of mid-town Manhattan that caused the evacuation of office buildings in the general vicinity. It was an evacuation that would last for an undetermined amount of time.
For companies that were unprepared for this type of event the result would have been devastating with critical information unaccessible, employees and management dislocated and business basically coming to a standstill.
Contrast that to a company that had a plan in place, systems and information duplicated and stored offsite, key personnel knowing exactly where to go and the ability to at least maintain a necessary level of operations until either the crisis passed or further plans were developed and implemented.
If anyone would like to see the Powerpoint from the presentation write to Mike Haltman at mhaltman@hallmarkabstractllc.com and he will forward it to you.
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At Hallmark Abstract Service our value proposition is to deliver on what it is that our clients expect from us each and every time that they trust us with one of their valuable transactions.
Service, attention to detail, fast turnaround times, willingness to go the extra mile and reasonable pricing on non-policy related fees are just some of the things we are focused on and that our clients have come to expect from us!
And that’s why we continue to earn their business, time and time again!
Call or email us today to set-up an appointment where we will come to your office, learn about the nuances of your practice and explain to you the way that we approach ours!
Mike Haltman, Owner
516.741.4723 (O)
mhaltman@hallmarkabstractllc.com
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