Navarinou 10, 1100, Ayios Andreas, Nicosia

savvas@insurancelinkcyprus.com

         

70 08 88 83

Adapt and respond to risk with a well thought business continuation plan.

Business Continuation Planning

 Business Continuation Planning

Businesses rarely get advance notice when disaster strikes. Without a plan of action, a business can struggle to recover, or worse, go out of business for good. Like a lot of other business processes, business continuation planning involves identifying the disasters involved, and developing ways to solve eliminate the impact on the business. The needs involved in a business continuation planning, are maintaining productivity and critical business functions, preventing, or minimizing damage, and supporting recovery when a disaster strikes.

The good news is that business can help protect themselves from the consequences with a Business Continuation Plan. A Business Continuation Plan will give you a chance to continue doing Business after an unanticipated event. With a little creativity, dedication and planning, your business will be on its way to a safer future in no time.

Two Hands Passing A Golden Relay Baton

What is Business Continuation Planning?

Business Continuation Planning refers to planning how a business will managed to survive in the event of death, illness, injury or retirement of one of its key stakeholders. Have you ever considered how your business would survive in the event, an owner or partner or a key employee, suddenly died or became disabled?  How would you continue to meet payroll and overhead expense obligations if a key revenue-generating employee were suddenly unable to perform his or her duties?

Business succession planning generally involves seeing a Lawyer who then drafts the most appropriate method of passing the business interest to the party or parties. A buy/sell agreement is usually used to determine how the change of ownership will be done.

Savvas P. Christoforou

CLU FLMI MBA LUTCF

Chartered Insurer

…have you ever considered how your business would survive in the event, an owner or partner or a key employee suddenly died or became disabled?

We specialize in working with businesses in areas such as:

  • Buy-Sell Agreement Funding
  • Key Person Life and Disability Insurance
  • Business Overhead Expense Protection
  • Executive Disability Income Insurance

We work together with other key advisors such as Lawyers, Accountants and Financial Planners to develop a comprehensive strategy that not only meets your needs for protection but also fits within your Business or personal budget.  We are happy to work with your existing team of advisors or we can refer you to one of our strategic partners for assistance with tax-related issues, drafting of legal agreements and the like.

Additionally, we are working with some of the most highly known and well-respected Insurance Companies in the industry to bring you the most innovative and competitive insurance products available today.

Do not wait until disaster strikes to create a Business Continuation Plan. If your organization does not yet have an effective business continuation plan, now is the time to create one. The effort involved is well worth your time and will give your company the best chance at survival after an unexpected event.

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