Business Continuity Planning and REACH

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Expecting the unexpected? We are!
What will you do if your supply route fails because of REACH?
Are you confident your business could survive a major incident or unplanned event?
Would you be able to communicate effectively to clients without access to your premises or if stranded abroad?
All of these are business continuity issues - did you know that as many as 80% of businesses close following a business continuity issue where no recovery plan has been in place?

As well as understanding all of the the technical and regulatory challenges we highly recommend you also think about the business consequences of REACH and to manage it as a business continuity issue.

With the pre-registration deadline now behind us and first registration deadline just around the corner, people tell us that they are already suffering business continuity problems due to REACH. Now is a really good time to plan ahead and make sure that you are ready to deal with all supply chain issues that could be brought about by REACH - not to mention pandemics, fires, floods, accidents and more.
What if…
a supplier of a key ingredient in a product you make or sell pulls out of the market because they or their supplier does not want register?
your supplier is ordered to stop production because they are in breach of REACH?
you have an incident that stops production at a legal entity that holds your only valid registration – can you switch production elsewhere? Would this take them over a tonnage threshold? Can you import or find another supplier?
And if you haven't thought about these scenarios, and the many others that could occur, then REACHReady recommends you should make time to do so now - as part of a well thought through business continuity plan.
We can help…

Consistent with our ethos of providing low-cost support to help people help themselves, REACHReady has teamed up with R K Harrison Insurance Brokers to provide you with cost-effective, business continuity planning system that enables you to create a fully integrated plan that is tailored to your organisation starting at £695 (per site + VAT) per annum for an annual renewable software license.

The use of a secure, web-enabled system allows you to develop and store your plan allowing both you and your key stakeholders to access it remotely when required.  By enabling your key stakeholders to view your plan, it means that the plan can be initiated efficiently and the appropriate actions can be taken and reduce the opportunity for bad decision making. 

Click here now for a no obligation on-line system presentation

If you would like to start using CrisisPro or need more information, please contact Mike Regan on Telephone Number: 01234 305555 or via e-mail at: reachready@rkhis.com
Business Continuity Planning

By having an effective plan in place, you will minimise the impact of any potential incidents and ensure that you are better prepared to return to full working capacity with minimal disruption to your business. Business Continuity Planning is gaining greater importance as more companies look for evidence of an up-to-date plan from potential suppliers at the stage of tender. In fact, having a business continuity plan in place is a significant benefit to many of your stakeholders, for example lenders may base their decisions on a company’s ability to remain fully operational as will many potential investors.

Your Business Interruption Insurance will provide a financial safety net; your business continuity plan will get you back up and running sooner and may benefit you with a more competitive rate from your insurer if you do it well. What’s more, your employees will benefit too from an improved duty of care and the financial security of a more viable business.
If you are unsure whether or when to start developing a business continuity plan, it is worth bearing in mind:
Demonstrating resilience gives confidence to staff, customers and suppliers
A Business Continuity Plan is part of risk management, helping you support your customers in times of difficulty

Business Continuity Plans are not just for big organisations. They just need bigger plans

The survival rate of firms that do not plan for catastrophic events is estimated to be only 20%*

Few firms which suffer a catastrophic IT failure survive beyond 1 year

When you are faced with a crisis, it is too late to make plans
*Source: AXA Insurance
 

R K Harrison Insurance Brokers are an Approved REACHReady Service Provider

 

 
 
 
Join us by becoming a member of REACHReady - sign up now. Call us on +44 (0) 20 7901 1444 for more information. Then you’ll be ready for anything.
 
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