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Plus, disturbances in operations can negatively affect customer satisfaction, which will then likely impact your income.No matter the size of a business, there are unforeseen circumstances that can affect your operations if you don't prepare ahead of time.
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As a business owner, you need to formulate a plan so that you can maintain operations even when unexpected disasters occur.
This is because your insurance covers not all damages.
We’ve put together a handy template if you’re putting together your own business continuity plan, based on the actual business continuity plan we use here at Crunch.
Download it, fill it out, test it, and be prepared.
As mentioned earlier, not all damages from unforeseen circumstances are covered by your insurance.
For example, if there is an outbreak in your warehouse that causes most of your employees to miss a few days of work (which then affects production, distribution, customer satisfaction and retention, etcetera), the loss in income might not be covered by your policy.
Use our business continuity plan template when you need to assure that no matter what, your company will continue to perform under any circumstance.
When creating any business plan, you must always consider complicated situations that can put your company at risk; this is why having continuity management is a must.