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Companies 'lack business continuity plans'

09 May 2011

Companies in the UK have been urged to ensure they have business continuity plans in place.

According to Version One, terrorist attacks such as the London bombings in 2005 have highlighted the need for firms to be ready for possible disasters.

The firm highlighted recent severe flooding in some parts of the country as another example of a possible disruption businesses may face.

Version One stated that companies could mitigate the impact if they have a prepared strategy in place for scenarios of this nature.

Managing director Julian Buck, commented: "With the growing risk of manmade and natural disasters, it is essential for organisations to formulate sensible and workable business continuity plans to cover any eventuality."

He added that the failure to draw up a strategy beforehand could lead to a firm never being able to recover from a disaster.

This comes after the Business Crime Reduction Centre encouraged firms to put effective security systems in place to protect business continuity.