Business continuity plans likely to reduce premiums

safety-net

The joint survey by the British Insurance Brokers’ Association (Biba) and the Cabinet Office found that 83.3% of insurers questioned would give a discount or improve terms to a business interruption policy if a business continuity plan was in place. Biba said that the aim of the survey was to develop a clearer picture of the benefits of having resilience measures in place identifying them as: improved competitiveness, continuity of service during common disruptions and more serious emergencies a