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Business interruption can be detrimental to any company, especially midsize businesses. According to The Hartford, most midsize businesses have business continuity plans, but few have actually tested them. An unproven continuity plan poses a risk for businesses, as they might be unable to meet client needs due to an interruption in their operation or lose revenue due to a supplier issue.

According to a recent survey conducted by The Hartford of over 500 midsize business owners and C-level executives in the U.S. with annual revenues of $10 million to $1 billion, 59% had a formal, documented continuity plan; 33% had an informal, verbal plan; and 8% didn’t have a plan at all. Of those with plans, only 19% of businesses had tested their plans.

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