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Company directors are more aware of business continuity planning following recent "pandemics" of flooding and IT failures in the UK, new research shows.
According to BSI British standards, the impact of such incidents - including climate change and Blue Tongue - affected a lot of businesses and supply chains, prompting company directors to put continuity plans in place.
While having a business continuity plan may not help to lower professional indemnity insurance premiums, it may help businesses secure renewals "from a different standpoint", the UKs national standards body advised.
According to BSI British Standards annual Business Barometer, 81 per cent of FTSE 250 companies would expect to last up to one week before feeling serious detrimental effects following disruption or disaster.
Half of leading businesses are ready for a forced office relocation and 47 per cent are fully prepared for a comprehensive supply chain failure.
Shirley Bailey-Wood, director of operations at BSI British Standards, said: "I certainly think alongside the terrorism and climatic things, the pandemics are really drawing attention to the need to have business continuity as well.
"Part of a component of business continuity is making a judgement on the risks that your individual businesses face."
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