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- is a prudent business practice
- increases the probability of the survival of your company as a business entity in the event a disaster disables our facilities
- minimizes the operational and reputational impacts of the incident
- reduces your exposure to financial costs / loss as the result of the disaster by:
- Minimizing costs during a disaster and recovery (eliminates need for re-work or duplicate work because required efforts and plans have been put in place - i.e. people know what to do; when to do it; and the most efficient way to do it)
- Shortening the elapsed time to respond to a disaster and perform a recovery
- reduces ongoing operating costs, as some insurance companies now provide discounts for businesses that maintain effective business recovery planning programs (The discounts are usually for business-interruption insurance)
- reduces your company's exposure:
- where a law, statute or regulation requires a business to have disaster recovery capability
- where a contract requires a business to have business recovery capability
- and more applicably, in cases of common law. Most jurisdictions require officers of corporations to exercise what is called "good business judgment" which, in some circumstances, can refer to business/disaster recovery.
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