What is this business continuity plan template?
The basics: this business continuity plan template, also commonly referred to as a contingency plan, is a strategic document that outlines the procedures and instructions an organisation must follow in the face of disaster or interruption, whether that be a fire, pandemic or cyberattack. It ensures that critical business functions can continue during and after a disruption. A business continuity plan aims to minimise the impact of disruptions on operations, ensuring that essential functions remain operational or are restored quickly.
Why does my business need to use this business continuity plan template?
A business continuity plan is essential for any business to ensure its resilience and ability to continue operations during and after a disruption. Using a business continuity plan template can help your business in the following ways:
- Minimise downtime and maintain operations: a BCP ensures that critical business functions can continue without significant interruption, even in the event of a disaster. It provides a clear roadmap for quickly restoring normal operations and minimising downtime.
- Mitigate financial losses: disruptions can lead to significant financial losses. A BCP helps control and minimise these costs by enabling faster recovery.
- Protect reputation and customer trust: demonstrating that your business is prepared for emergencies builds customer trust and loyalty. Effective handling of crises protects your business's reputation and brand image.
- Enhance employee safety and morale: a BCP includes plans for ensuring employee safety during emergencies. Knowing there is a plan boosts employee morale and confidence in the organisation's leadership.
- Competitive advantage: businesses with robust continuity plans can gain a competitive edge by being more reliable and resilient compared to those without.
What does this business continuity plan template include?
Key provisions: Docue’s business continuity plan template has the option to include the following provisions:
- About this document - this section tells the reader what the purpose of this document is and why the business has put it in place. It also explains who the policy applies to and the consequences of failing to comply.
- The plan - this section can be used to set out your business's evaluation and analysis of each of the potential business interruptions and the impact they would have on your key functions. It is a central part of the BCP and it sets out the following information in respect of each potential business interruption:
- Risk - details of the identified risk to your business;
- Likelihood - the likelihood of the risk occurring e.g. low/medium/high;
- Preparation - details of action taken to prevent/mitigate the risk;
- Response - details of action to be taken if the risk occurs; and
- Contact - details of the role/person responsible for this risk.
- Key roles - this section includes details of the person in the business who is responsible for business continuity and the implementation of this BCP (usually known as a Business Continuity Manager).
- Business procedures - this section tells readers what to do when an incident occurs that could cause a business interruption, whether that incident occurs inside or outside of normal business hours.
- Training and testing - this section sets out the training requirements in relation to the BCP, as well as the frequency that the procedures in the plan are tested and reviewed.
- Questions about this document - this section includes details of the person to contact with any questions or queries about the BCP.
Why Docue?
Easy to use: With Docue, you can create a top-quality business continuity plan in just minutes. The business continuity plan template includes model clauses designed by our lawyers to help you draft the business continuity plan yourself and tailor it to your needs. Guidance notes that have been drafted by our lawyers are included throughout to help you through the document creation process.
Full contract process: Signatures can be collected electronically, and all legal documents that you make are securely saved in your company's own contract account, Docue Drive.
Affordable: At Docue, we believe in transparent and cost-effective pricing without any hidden fees. You can check out our pricing here.
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Tags: contingency plan template, business continuity plan template, business continuity and disaster recovery, business continuity policy template, business continuity and disaster recovery plan template
