Chubb Launches an Interactive Business Recovery Planning Guide at RIMS Conference; Free Guide Helps Companies Create a Secure and Comprehensive Disaster Plan.Business Editors WARREN, N.J.--(BUSINESS WIRE)--March 31, 2003 The Chubb Group of Insurance Companies has developed a Business Recovery Planning Guide to help companies create a comprehensive, site-specific business recovery plan. This interactive guide is available on CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). and features editable questionnaires and checklists to help companies analyze their current exposures and develop a business recovery plan for their operations. The guide is free of charge to all businesses and will be available at the Risk & Insurance Management Society's Annual Conference in Chicago, IL. "A business recovery plan is essential for every business," said Jimmy Deaderick, managing director, Chubb & Son, and worldwide loss control manager, Chubb Commercial Insurance. "Yet, many businesses remain unprepared and, consequently, may find themselves out-of-business should a disaster or catastrophe Catastrophe, from the Greek Καταστροφή (katastrephein), literally means "to turn" (strephein) "downwards" (kata-). occur. "We have found that most businesses see the value in business recovery planning, but may not have the resources to either hire a consultant or develop their own plan," continued Deaderick. "Our guide is available to any business that wants to develop a recovery plan to help protect its employees, physical assets, revenue and reputation. And because it's available on a CD-ROM, rather than online, this information remains proprietary--companies don't have to worry about a third-party viewing or using their data." Chubb's Business Recovery Planning Guide helps companies of all sizes by encouraging them to think about what can happen and plan for the "what ifs." The guide outlines the three components of business recovery planning: disaster preparation, emergency response and business continuation. The CD-ROM format offers planning considerations as well as interactive questionnaires and checklists that can be completed and saved for future reference. The first step a company should take to survive a catastrophe is disaster preparedness pre·par·ed·ness n. The state of being prepared, especially military readiness for combat. Noun 1. preparedness - the state of having been made ready or prepared for use or action (especially military action); "putting them planning. Many companies may be faced with a natural or man-made disaster man-made disaster Technological disaster Public health An event in which a significant number of people are injured or die as a result of human devices or activities, unrelated to conflicts, and attributed to operator error–eg, Exxon Valdez such as a fire, hurricane, technological emergency or hazardous materials incident. Through disaster preparedness planning, a company assesses the hazards it may face and takes steps to reduce or eliminate them. "We have noted that many companies do not have in place an emergency notification process or an established secondary location should the primary facility become uninhabitable," said Deaderick. "The emergency response planning section of Chubb's guide raises awareness and the need to address these and other issues." Once a business has activated activated a state of being more than usually active. In biological systems this is usually brought about by chemical or electrical means. Commonly said of pharmaceutical and chemical products. its emergency response plan, evacuated e·vac·u·ate v. e·vac·u·at·ed, e·vac·u·at·ing, e·vac·u·ates v.tr. 1. a. To empty or remove the contents of. b. To create a vacuum in. 2. staff safely and has a disaster under control, it must begin the process of recovering from that disaster. "While many businesses purchase business income and extra expense insurance to assist in getting the facility up and running, this isn't enough," said Deaderick. "A business continuation plan is vital in determining how best to use insurance dollars and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. following a disaster. Chubb's Business Recovery Planning Guide will help businesses develop this final element into a comprehensive business recovery plan." Visit Chubb at RIMS booth 1208 to view a demo demo - /de'moh/ 1. A demonstration of a product, often of an early version or prototype. A demo is a far more effective way of inducing bugs to manifest themselves than any number of test runs, especially when important people are watching. 2. demo version. 3. or pick up a copy of its Business Recovery Planning Guide. A copy of the guide can also be ordered by visiting www.chubb.com/businesses/recovery/index.html. The member insurers of the Chubb Group of Insurance Companies form a multi-billion dollar organization providing property and casualty insurance for personal and commercial customers worldwide through 8,000 independent agents and brokers. Chubb's global network includes branches and affiliates throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , Asia and Australia. |
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