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Risk management and business continuity

Have you ever stopped to consider what the risks are to your business? What measures do you have in place to minimise those risks?

What procedures do you have to ensure you avoid negligence claims or breaches of regulatory requirements? What plans do you have to ensure that your business continues in the face of an emergency or a disaster?

Risk management and business continuity planning are not just about deciding what you would do if your premises burnt down. They are about identifying the realistic strategic, operational, regualtory and statutory risks to your business and putting in place sensible measures designed to reduce the risks and lessen the impact.

Law firms in particular and other professional practices will find that their professional indemnity insurers are very interested in the steps that firms take to reduce the risk of negligence claims. This can significantly affect premiums and even the ability to obtain renewal terms.

Value for Money Consulting can help you identify the risks, help you decide on measures which will minimise those risks and help write simple plans and procedures designed to put those measures in place and improve your presentation to professional indemnity underwriters.

Additionally, a sensible and realistic Business Continuity Plan will give your business the best chance of survival in the event of an emergency.

Make a start on improving your risk management and business continuity by contacting us for a free initial discussion.