Businesses Lacking Full Disaster Plans

According to a survey conducted by The Hartford, most midsize firms have business continuity plans, but few have actually tested them.

The Hartford surveyed more than 500 midsize business owners and C-level executives in the U.S. with annual revenues of $10 million to $1 billion in its report, and says that 59% of respondents have a formal, documented continuity plan; 33% have an informal, verbal plan; and 8% don’t have a plan at all. Of those with plans, only 19% of businesses had tested their plans.