Insurance: "The Disaster Recovery Plan of Last Resort"

Topics:
Insurance
Tags:
Business Operations,
Corporate Insurance,
Data Management,
Disaster Recovery,
Disaster Recovery Planning,
Finance,
Financial Planning,
Insurance,
Systems Support
Source:
Systems Support

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Overview: The average company spends approximately $3.00 to insure every $1,000 of corporate assets, and this cost continues to increase. Insurance companies have become a significant driving force in the development of disaster recovery plans by tying policy renewals and premium amounts to the level of disaster preparedness a company has. These reasons are compelling arguments for developing and maintaining a comprehensive Insurance Response Plan. However, companies must remember that insurance coverage is no substitute for a well thought out disaster recovery plan.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 61KB | Date: Dec 1999 | Pages: 3

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