Putting a crisis plan in place to deal with a catastrophe is not enough–the program must be regularly tested, revised and treated as a “living document,” risk management experts advised during a recent webinar.
During “Coverage and Continuity In A Crisis: Disaster Preparedness, Mitigation and Management,” sponsored by Zurich, National Underwriter and American Agent & Broker, experts warned that when dealing with any disaster, the first thing a company needs is a recovery plan. In a poll taken of those attending the webinar, more than 50 percent said their company has a catastrophe plan in place.
However, more than 60 percent of those who have taken such a step said they have not revised their plan or conducted drills within the past 12 months.
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