According to the Institute for Business and Home Safety, an estimated 25 percent of businesses do not reopen following a major disaster and no region of the United States is shielded from natural disasters. The resources below are intended to help your company create & execute a business continuity plan of action if disaster strikes your community. By keeping these plans updated, you can help ensure the survival of your business.

Business Continuity is the ability of a business to continue delivery of products or services following a disruptive incident.

Disaster Recovery is a set of policies and procedures to enable the recovery or continuation of vital technology infrastructure and systems following a natural or human-induced disaster. Disaster recovery focuses on the technology systems supporting critical business functions.

Business Continuity Management

When it comes to Business Continuity there is a multitude of resources available to help you build and execute a Business Continuity Plan in the event of a natural disaster. According to Ready.gov the development of a business continuity plan involves four steps:

  • Conduct a business impact analysis to identify time-sensitive or critical business functions and processes and the resources that support them.
  • Identify, document, and implement to recover critical business functions and processes.
  • Organize a business continuity team and compile a business continuity plan to manage a business disruption.
  • Conduct training for the business continuity team and testing and exercises to evaluate recovery strategies and the plan.

Think your company is too small to need a Business Continuity Plan? You are Myth #2 in The Insurance Institute for Business & Home Safety’s (IBHS)Top 5 Myths About Business Continuity Planning.

 

ALTA Best Practices

Being prepared to manage disaster recovery can greatly minimize business disruption. The third pillar of “ALTA’s Title Insurance and Settlement Company Best Practices” encourages title professionals to have a disaster management plan in place to help protect non-public personal information (NPI).

Disaster Recovery Planning

Information Technology Systems have become essential to the operation of a company, and arguably the economy as a whole; but the ability to continue working after disaster strikes is more than just having a back-up of your server in a safe place. For a business to effectively mitigate loss of revenue following a disaster requires IT Policies and Procedures for employees as well as the hardware and software to maintain an acceptable level of work and communication.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.