How to Create an Emergency Contingency Plan for Your Business | CDL
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How to Create an Emergency Contingency Plan for Your Business

Unforeseen crises affect businesses big and small, so it pays to be prepared. A contingency plan can help you safeguard your assets, premises and personnel, and get things moving again when normality is restored.

Implementing an effective contingency plan is a must in these challenging times, but understanding what’s required can be tricky. To help, we’ve put together this practical guide on how to create an emergency contingency plan for your business.

 

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First Steps to Contingency Planning

Having a contingency plan in place offers a wealth of benefits for your business in a time of crisis, not to mention the peace of mind that your assets and operation are safeguarded. However, knowing where to start with contingency planning can be tricky, with lots of things to consider in the early stages.

Below, we offer a few essential tips to help you get the ball rolling with a contingency plan.

 

Think About the Main Risks to Your Business

Lots of things can affect your business, no matter its size. The first step to any contingency plan is identifying what the main risks to your operation are; here are a list of examples:

These are just a few examples of the potential risks your business could face. By listing threats to your operation, you’ll be well placed to draw up a contingency plan which puts measures in place to deal with each risk.

 

colleagues discussing plans

 

Consider the Stages and Structure of Your Contingency Plan

Good contingency plans set out a measured response to business continuity, often in three distinct stages:

 

Things to Include in a Contingency Plan

While the contents of your contingency plan will differ depending on the sector you operate in, it’s important to be as comprehensive as you can – even if some points might seem irrelevant. Below, we list some of the essentials to cover in a contingency:

 

colleagues talking in hallway

 

Tips on Implementing Your Plan During Challenging Times

Drawing up a contingency plan is all well and good, but in a crisis, procedures can be difficult to follow, and key steps can be easy to overlook. To give you the best possible chance of implementing contingency measures effectively, here are a couple of practical steps to consider:

 

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