Developing a Business Continuity Plan: Risk Assessment, Emergency Action Plans, Disaster Recovery Strategies

Managing Risk and Compliance With Business Interruption Insurance

This program is cancelled

A live 90-minute CLE video webinar with interactive Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Thursday, October 6, 2022 (in 5 days)

1:00pm-2:30pm EDT, 10:00am-11:30am PDT


This CLE webinar will advise corporate counsel on best practices when developing a business continuity plan. The panel will discuss how to mitigate risks and build emergency action and disaster recovery plans to address physical and technological interruptions. The panel will address the importance of business interruption insurance and other best practices.

Description

Whether the issue is catastrophic weather events or a global pandemic, the need to structure a business continuity plan has never been more evident. Many businesses do not reopen after closing their doors due to a disaster. Without proper disaster recovery preparation, insurmountable setbacks--such as the loss of data, equipment, and personnel--may cripple or ultimately end a business. Those consequences may expose directors and officers to liability.

At the start of the process, corporate counsel and management must conduct a risk assessment to determine what issues the business is most likely to face. How a corporation responds to a major disaster can directly affect liability and the value of corporate assets in the event's aftermath. Yet, many corporations do not adequately consider liability management and asset protection as part of their contingency planning for specific disaster events. As a result, these corporations may face potential litigation and financial loss.

The management team must also determine when and how to effectively utilize business interruption insurance and ensure that the policies acquired do not make exceptions for the types of disasters the company may experience.

Listen as our expert panel discusses business continuity plans and strategies when planning to mitigate risks in emergencies or disasters.

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Outline

  1. Business continuity planning
    1. Risk assessment
    2. Emergency action plans
    3. Disaster recovery strategies
    4. Business interruption insurance
    5. Other means to mitigate director and officer liability

Benefits

The panel will discuss these and other key issues:

  • What factors should counsel and management consider when conducting a risk assessment?
  • How does management limit director and officer liability when developing a business continuity plan?
  • What should counsel consider when assessing business interruption insurance exceptions and when should disaster coverage be considered?

Faculty

Clark, Anna
Anna Mercado Clark

Partner
Phillips Lytle

As leader of Phillips Lytle’s Data Security & Privacy and E-Discovery & Digital Forensics Practice Teams,...  |  Read More

Additional faculty
to be announced.