Business Continuity Planning
There is no time like the present to review your businesses continuity, with the threat of a virus outbreak.
It focusses the mind
What happens if it gets into your business and you can’t trade?
What are your responsibilities and subsequent liabilities to your staff and customers?
Are you insured sufficiently enough to soften the blow?
But most importantly do you have a plan?
Not just for the virus which is Global and unprecedented but for fire, flood or supply chain problems.
There is lots of helpful advice out there but if you have to stop trading because of COVID -19 but what happens next?
One key piece of advice from the FSB is to check your insurance policy for Business Interruption cover in your commercial policy.
More can be found on this link.