Aside from storage of your digital information, it’s also important to make sure you have proper data protection measure in place to protect your data from hackers and other malicious data attacks.If you're connected to a network, try to have: Taking out comprehensive insurance for your business is essential to your business continuity planning.Public liability insurance protects you and your business against the financial risk of being found liable for negligence.
Estimated reading time: 6 minutes When you’re running a small business, things don’t always go to plan.
Preparing your business for these events will help you recover as soon as possible if an incident or crisis does happen.
If a business does not have a continuity plan when an interruption occurs, it risks financial, reputational and personal loss.
With a small business especially, an extended service interruption can be catastrophic.
Examples of different types of incidents or crises that could occur include: Your business continuity plan is usually a part of your business plan and should contain all of the information you need to get your business running again after an incident or crisis.
The size and complexity of your business continuity plan will depend on your business.In an age of cyberthreats, the plan should also take into account the possibility of such unplanned incidents as ransomware attacks and data breaches.Protecting data is paramount, as it is the lifeblood of many companies today.The PPRR model helps you to: Protecting your data and systems is an important part of business continuity planning.Your business data is one of the most valuable assets of your business.In most cases, you will need to provide workers’ compensation insurance for accidents and sickness through an approved insurer.Workers’ compensation is covered by separate state and territory legislation.It will typically include: The prevention, preparedness, response and recovery (PPRR) model is an example of how you can approach risk management in your business.This model is used by Australian emergency management agencies and can save your business time and money when responding to a setback, incident or disaster.The site of where your information is stored can be physically very far from you, including overseas.You can then access your information from anywhere, as long as you have access to the internet or other digital network depending on how you have set it up.