If interruptive events came with warning bells, you wouldn’t have to worry about business continuity – but they don’t give you a warning do they?
Every year, insurance firms just like yours falter and fail because they were ill-prepared for an unexpected circumstance that tore their vital data and applications away from them in a heartbeat.
Sure, we all think that it won’t happen to our business, but we forget that everyone who ever had to file an insurance claim for fire or flood originally thought the same thing, “It won’t happen to me.”
Are the applications and data that your firm relies on to do business every day regularly backed up offsite? Can your phone system be brought back into operation at another location if circumstance forces you out of your facility?
We always think it’s going to happen to the other guy, don’t we? Things like fire or flood taking down our business never cross our mind. Why? Well, we have insurance on the building for fire and flood, so we don’t give it a second thought.
Here’s the problem. Your fire or flood insurance will not rebuild your databases or customer lists, nor will it rewrite your tweaked or proprietary applications.
If you lose your computer systems, your insurance firm is in BIG trouble. It’s relatively simple to move to another building, but without access to your client’s policies and other relevant electronic paperwork, you’re out of business. Even trying to rebuild these resources (if possible) is extremely expensive and time-consuming.
Have you considered that these unexpected events could snatch away your data and take your business down?
Leaders of insurance firms like yours know how to weigh out risk and reward. Business continuity planning is part of that risk/reward calculation. By contracting with business continuity IT specialists like the team at CITOC, you set your insurance firm up for continued success – even in the face of challenging, interruptive circumstances that would take down other businesses.
CITOC offers business continuity to insurance firms in the Calgary area as a part of our holistic approach to business technology management. Find out more today by contacting us at (713) 490-5000 or firstname.lastname@example.org