According to the British Standards Institution, 87 percent of businesses believe that risk management protects revenue and enhances value for money;  93 percent agreed that it improves accountability, decision making, transparency and visibility.

Industrial plants do explode,

but more insidious threats exist,

such as the workman who drills

through a power main

Headline grabbing disasters aren’t
the real threat to your livelihood -
business failure is much more likely

These are the real threats: regulation and compliance, fire and flood,
theft and vandalism, chemical spills or utilities failures, postal disruption,
key machinery or product failures, IT and telecoms failures,
denial of access to premises, loss of a key client or supplier, absence or loss
of key personnel, fuel crises and severe weather, or even
inadvertent underinsurance.

Industrial plants do explode, but more insidious threats exist, such as the workman
who drills through a power main, or the water tank which overflows during a
weekend. These can interrupt businesses for a week or more.  Apart from physical
disasters, key staff may go absent unexpectedly or a key supplier or client fail,
placing stress and the threat of failure on your business.

Worse still, by not having a testable plan to deal with these events you may be in breach of your regulatory obligations, leave yourself open to claims from
stakeholders, or even find your professional indemnity or business interruption insurance void, just when you need it most.