Your Business Continuity Plan & Personalized Threat Matrix

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Guarding Against the Unknown

It’s hard to predict what could go wrong when disaster strikes, whether it’s a natural disaster, human-caused hazard, technology disruption or health emergency. Without an effective business continuity plan, the magnitude of what can go wrong can put your business at risk of diminished reputation, operations and income – there’s even the potential of closure.

Our experienced loss control specialists can help you understand the business threats you face with a method for prioritizing them for improved control. Our Threat Matrix allows businesses to prioritize your threats to improve controls to develop a business continuity plan.

According to the U.S. Small Business Administration, 25% of businesses do not open again after a disaster. The SBA urges business owners to identify risks relevant to their locations and develop plans to address them.

Business Continuity Questions

A business continuity plan is a process for creating systems of prevention and recovery to address potential threats to a company. In addition to prevention, the goal is to enable ongoing operations and get the business back up and running quickly.

The U.S. Department of Homeland Security includes tools and checklists for business impact analysis and business continuity planning on its website at Ready.gov.

The agency encourages businesses to consider the risks from a variety of disruptions:

  • Physical damage to buildings
  • Damage to or breakdown of machinery, systems or equipment
  • Restricted access to a site or building
  • Interruption of the supply chain, including failure of a supplier or disruption of transportation of goods from the supplier
  • Utility outage such as, electrical power or natural gas supply
  • Damage to, or loss or corruption of, information technology including voice and data communications, servers, computers, operating systems, applications and data
  • Absenteeism of essential employees

Cincinnati can help your business with business continuity threats. We staff loss control specialists who are Associate Business Continuity Planners, and are ready to provide consulting services on business continuity planning. Services we include at no additional cost include:

  • Review of existing business continuity plans
  • Consultation on plan development and other resources
  • Gap analysis and business impact reviews
  • Consultation on supply chain issues

Use our threat matrix to prioritize threats that could impact your business to allow you to effectively implement threat mitigation controls. This simple tool not only allows you to perform your own self-assessment, but gives you the option to share your results with our on-staff experts and consult with them on how you can create continuity plans that align with your business.

Here's how:

  • Complete your risk assessment using the matrix to rank your threats. By identifying the highest threats, you can then begin evaluating your controls.

    Each threat has three elements (Likelihood, Duration, Magnitude), each having three options (Low, Medium, High) to select from with a designated threat score. The higher the threat score – the greater the threat impacts your business operations. The lower the threat score – the less of an impact on your business operations.
  • Click the Print button to obtain a paper copy. Although we cannot offer individual business continuity plans, we can provide free guidance on business continuity planning and understanding of the impact of threats.
  • Click the Submit button if you require assistance. This tool is for your business use, and we do not retain your threat matrix results unless you click the Submit button.

Threat Matrix

Complete Your Risk Assessment

Our loss control service is advisory only. We assume no responsibility for management or control of customer loss control activities or for implementation of recommended corrective measures. These materials were gathered from trade services and public information. We have not tried to identify all exposures. We do not warrant that this information is consistent with Cincinnati underwriting guidelines or with any federal, state or local law, regulation or ordinance.

The selection of a particular service provider is the independent choice of the policyholder. Service providers are not affiliated with The Cincinnati Insurance Companies. Cincinnati and its employees make no warranties and assume no liability for services, products or loss control measures provided by service providers.

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