Misconceptions About Business Continuity Plan [Busted]

Increasing number of businesses are adopting business continuity solutions due to the increasing awareness of its importance.

However, some companies believe they do not need business continuity services, which stems from a sense of over-confidence in their own services and recovery plans. 

They suffer from the grave issue of ‘misconception’, which leads them to major losses of both, data and resources.  

3 Misconceptions About Business Continuity 

1. Employees know what to do in emergencies 

You may believe that your employees are well-prepared for the worst of situations, however, you might want to rethink!

No employee, including those that are trained well, know what to do when disaster strikes. 

Each one will have a different response and reaction to the disaster, which will only add to more confusion. 

The best way to go about this is to have a pre-approved set of rules and a well-documented business continuity plan in place. 

Your employees can be informed about the same and asked to strictly comply to it. This will ensure everyone is on the same page and your data will be recovered in a safe and timely fashion. 

2. We have insurance to cover our losses

Most businesses believe that having an insurance can make things better, whereas the reality is that insurance is not enough when you’ve met with a disaster. 

You sure might have insurance, however, it cannot certainly cover peripheral damages from an event. 

Your insurance will certainly not cover the number of customers or market share you’ve lost nor will they cover you for any setbacks or failures in the release of your products.

Business continuity plan is important so that you understand what is and what is not covered under your insurance and tend to it accordingly. 

Consult with your insurance agent to understand what is and is not covered under your policy.

3. Devising a business continuity plan is time-consuming

Yes, it does take time to plan and strategize in a right way, however, the same could hardly be true for business continuity plans. 

When you have a service provider to look out for you, you do not need to pay much attention to your business continuity plans. 

They will plan and plot it all for you in no time. 

However, the time spent doing this is not wasted. It is more of an investment for your company. 

It is important to devise such a plan, because the faster you can resume your operations after a disaster, the faster your business will recover. 

You’ve got everything at stake in times of a disaster, thus not having a plan in place is something you can absolutely not afford.

Contact Xperteks For Business Continuity

Now that you know the importance of business continuity and have double checked to see if you were prey to any of the above major misconceptions, you might be convinced that opting for this service in the best interest of your business. 

Here’s when you need Xperteks, they can not only help you with the perfect plan for business continuity in NYC, but also with disaster management, cybersecurity, and other IT management services. 

They’re just one call away at 212.206.6262.