Risk Management & Disaster Recovery
Business is all about risks and rewards and, while it may be easy to focus on the latter, in many cases how you deal with the risks will actually determine both the success and future of the business.
The simple fact is you never know what lies around the corner and there is no magic formula to anticipate every risk that could occur and how potential damage can cascade through a workplace, supply chain or economy.
There will always be unpredictable risks threatening businesses, that even the most zealous risk assessments would fail to identify and workplaces have to accept that it’s impossible to foresee every eventuality.
The start of this year saw severe floods across large parts of the UK and thousands of businesses that had never previously suffered from flood damage were suddenly brought to a standstill as their premises, stock and equipment were destroyed following weeks of heavy rainfall. It’s therefore vital that businesses need to be as prepared as possible to deal with such problems.
This means creating business continuity plans that consider a risk and how it can be avoided, as well as any action that can be taken to mitigate the risk and who is responsible for dealing with it. These types of plans can cover any eventuality from a fire or flood through to an accident or machinery failure.
It’s equally important that employees know how to implement the plan and have the necessary experience and training to deal with a wide range of situations including fire, first-aid and any instances where they may be required to use specialist equipment.
In addition, even when staff are trained and qualified to deal with various emergencies, it’s often useless if they don’t participate in regular practice and refresher courses to ensure they stay at the top of their game.