This week ClearRisk is proud to provide a guest post by Bert Fens of Forces Risk Management. Bert is a risk professional with 20+ years of international experience in risk management, holding several senior management positions. He is also a member of the Risk Management Consultants of Ontario (RMCO).
Small and Medium-sized Businesses (SMBs) can benefit considerably from a simple but effective risk management program.
Consider this: more than 2 out of 5 small business owners in Canada have experienced a significant disruption to their businesses; 80% of businesses affected by a major incident have to close within 18 months, yet 62% of business owners have placed business continuity planning low on their to-do-list and 18% of them admit that it is not even on their radar.
These numbers are a clear and very scary indicator that the odds of survival for companies that have been hit by a major loss are incredibly low.
