Recently, National Underwriter Senior Editor Caroline McDonald wrote about how risk management lessons hit her, literally, at home. In NU's May 28 edition, she correlated her experience during a power outage with what businesses might encounter in any number of emergency situations--when well thought-out and practiced emergency response plans can save companies, and lives.
When developing contingency plans in the event of manmade disasters such as a terrorist attack, or natural catastrophes, individuals and businesses have a responsibility to practice, test and also revise their plans when necessary.
An emergency response plan that relies on flashlights, for example, won't do much good if the batteries don't work, while a business continuation plan that relies on backup computer tapes stored in a basement also isn't the most optimal.
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