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Communications giant BT commissioned a study which indicated that up to one in five firms lack a detailed business continuity plan.
Business analyst IDC, which carried out the research, suggested that the results might spur more bosses into sorting out insurance matters.
"That is an important development because keeping the business running, come what may, has to be a key board-level concern - not just one of IT," remarked Ed Cordin, a consulting director for IDC.
BT claimed that the findings suggest a "major oversight" on the part of some organisations, despite a slew of flooding and IT-related misfortunes featuring in the news recently.
More optimistically, the report suggested that more than one in three UK firms plan to increase their business continuity spending this year.
In another study carried out by British Gas Business last year, it was revealed that "millions" of the country's enterprises do not have compulsory Employers' Liability Cover in place, even for voluntary members of staff.
Quantum Risk Management is a leading Health and Safety consultancy
British businesses 'lack continuity plan'
A large proportion of UK organisations are skimping on their business insurance, according to the latest research.Communications giant BT commissioned a study which indicated that up to one in five firms lack a detailed business continuity plan.
Business analyst IDC, which carried out the research, suggested that the results might spur more bosses into sorting out insurance matters.
"That is an important development because keeping the business running, come what may, has to be a key board-level concern - not just one of IT," remarked Ed Cordin, a consulting director for IDC.
BT claimed that the findings suggest a "major oversight" on the part of some organisations, despite a slew of flooding and IT-related misfortunes featuring in the news recently.
More optimistically, the report suggested that more than one in three UK firms plan to increase their business continuity spending this year.
In another study carried out by British Gas Business last year, it was revealed that "millions" of the country's enterprises do not have compulsory Employers' Liability Cover in place, even for voluntary members of staff.
Quantum Risk Management is a leading Health and Safety consultancy
Posted on 06/03/2008
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