Business continuity planning or succession planing is critically important for both small and large businesses if they intend to survive potential threats to the company. A business continuity plan ensures that both assets and personnel are protected and are able to function in the event of an emergency or disaster.

Risks that must be addressed are earthquakes, fires, floods, cyber-attacks, pandemics, loss of one or more key employees, and even terrorism. While many risks can be covered by insurance, not every risk can be fully covered, which makes business continuity planning essential. Every employee must know what their role is and be prepared for any disaster.

Some independent insurance brokers have the ability to assist the owners or senior level managers of a company prepare for any disasters.

OTC Insurance Services can assist your company in developing a business continuity plan.

Asset Protection - What You Need to Know

Piercing the Corporate Veil

Insurance Coverage Options

Key Person Insurance