I was recently asked by an insurance broker to help one of his clients develop a business continuity plan because the client’s insurer was insisting on a plan being developed if the risk was to be renewed. The client is a small family owned niche manufacturing company, that’s been in existence for over 100 years, and the managing director really didn’t see the point in developing a plan – and certainly was not keen on paying anyone to help him.
Because he needed the insurance cover he had to go ahead, but to make it more palatable, my broker friend came up with what was to me, a new concept in business continuity. He explained to me that what the client required was an entry level business continuity plan, and that maybe in later years this could be enhanced.
The client seemed satisfied that this was what he required, presumably because it implies something that is quick, easy, and cheap, but it has left me with a bit of a problem. I have a few ideas, and will be meeting with the client again shortly to work with him to create his entry level plan, but the definition of such a plan doesn’t immediately stand out in the business continuity standards and guidelines that I’m familiar with.