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.
“The implications for any organisation faced with risks such as fire, flood, denial of access, utilities failure and pandemic are massive”
46% of FTSE 250 companies said it would take less than a day for a serious disruption to impact significantly on their business
A Department of Trade and Industry survey suggests that 70% of small businesses would go out of business within a year if they experienced a major disaster; 40% of businesses do not reopen; and another 40% fail within eighteen months of the event
58% of UK businesses were disrupted by September 11th, of which one in eight were seriously affected
90% of businesses who lose their data are forced to close down within two years
The Home Office estimates that, on average, nearly one in five businesses suffer a major disruption every five years and a business without a Business Continuity Plan (BCP) has only a low chance of survival
80% of businesses without a Business Continuity Plan close within 18 months of a major incident
A business without a Business Continuity Plan has a very low chance of survival and may leave Partners, Directors and Business Owners personally liable
Sources: British Standards Institute, Home Office, DTI
