4 Ways Business Continuity Plans Improve Profitability




You probably already know a business continuity plan helps you stay in business after data loss or disaster – but did you also know it can improve your profitability?
  1. Lower Your Insurance Premiums
An effective business continuity plan can help to negotiate lower commercial insurance premiums, commensurate with improved risk practices.
  • Include your attorney, accountant, MSP and other professional service providers in the process of developing your business continuity plan
  • Share your business continuity plan with your insurance company. Ask for their input as to how you may improve upon the plan.
  1. Leverage Process Engineering
An effective business continuity plan requires you to do process engineering on your business to better understand how everything works.
  • You must deconstruct your processes, step by step, to understand the underlying risks.
  • This process will inevitably reveal opportunities for cost savings and greater efficiencies!
Having a better understanding of your IT efficiencies means lower labor costs and improved time management. You’ll spend more time with your clients and less time managing IT.


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