Business Continuity in the News

• Business Partner Criticall »
• Criticall eNews letter »
• Survey pinpoints lack of business continuity planning »
• Industry statistics »
• “Emerging Risks” Research – March, 2008 »
• Biosecurity risks in the news »

Industry statistics

Business continuity and insurance concerns all UK businesses.  Here are some facts highlighting the current state of both markets:

• “82% of supply chain executives are concerned about supply chain resiliency, and the implications of failure in their supplier or logistics networks” – Aberdeen Research Group survey
• “43% of Companies that experience a disaster never recover” – London Chamber of Commerce.
• “59% of British Businesses lack a formal Business Continuity plan” – RSA
• “Responsible back-up not paying dividends – until something goes wrong” – Silicon.com.
• “A quarter of SME’s do not have the right business insurance cover” – Financial Times.
• Insurance Institute of London approached broker’s customers and insurers and concluded, in November 2007 that: “…a link between good business continuity planning and improved insurance was required”.