Business Disaster Recovery Plan

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Farmers Business Disaster Recovery Plan

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  • You have invested significant time with your policyholder’s business, mitigating potential risks and boosting operating efficiencies. Your help grants the business owner the time to focus on other important issues of running a business such as establishing a customer base and developing a solid reputation with suppliers, local officials and the community at large. What would happen if all that went up in smoke – literally? Or was devastated by a flash flood or an earthquake? Natural disasters can and do devastate large portions of our communities with remarkable speed.
  • Business Disaster Recovery Plan

    1. 1. Safeguarding our client’s investment
    2. 2. Hurricanes
    3. 3. Flooding
    4. 4. Wild Fires Earthquakes
    5. 5. Hail Storms Freezing Rain
    6. 6. Can your Business survive a visit from Mother Nature? ?
    7. 7. What are the risks? <ul><li>Population </li></ul><ul><li>About one half population within 50 miles of coast </li></ul><ul><li>CA – 34 million </li></ul><ul><li>By 2010, about 74 percent of U.S. population will live in coastal areas </li></ul><ul><li>Small businesses </li></ul><ul><li>98 % of all firms in US </li></ul><ul><li>85% of small businesses employ 10 or fewer </li></ul><ul><li>Employ 50% of workforce </li></ul><ul><li>44% of nation’s payroll </li></ul><ul><li>Generate 41% of nation’s business receipts </li></ul>
    8. 8. <ul><li>One of every five businesses experiences a major disruption each year. </li></ul><ul><li>Small business owners have a higher probability of being impacted by a disaster. </li></ul><ul><li>More than 60% of small businesses do not have a backup power supply. </li></ul><ul><li>Small business owners have fewer recovery resources and a lower tolerance for losses. </li></ul><ul><li>As many as 90% of small businesses do not have a business continuity plan in place. </li></ul>Facts that most small businesses face
    9. 9. Who / What is IBHS? <ul><li>IBHS is an initiative of the insurance industry to reduce deaths , injuries, property damage economic losses and human suffering caused by natural disasters. </li></ul><ul><li>IBHS is a non-profit research and communications organization committed to institutionalizing natural disaster protection as a public value. </li></ul><ul><li>IBHS is headquartered in Tampa, Florida. Its members are made up of more than 100 of the country's leading property-casualty insurers and reinsurers. It also has formal partner agreements with many other organizations, such as the American Red Cross, SBA and American Society of Civil Engineers. </li></ul>
    10. 10. <ul><li>Open for Business </li></ul><ul><ul><li>Earlier this year IBHS met with representatives from Farmers to discuss &quot;Open for Business&quot; , an Internet-based disaster recovery and risk assessment tool they (IBHS) had developed. </li></ul></ul><ul><ul><ul><li>Pre-disaster property protection plan </li></ul></ul></ul><ul><ul><ul><li>Post-disaster business continuity and recovery plan </li></ul></ul></ul><ul><ul><li>This service, valued @$2,000/user, is available exclusively to IBHS member insurers. We in turn would like to make it available as value added service to your Farmers business customers. </li></ul></ul>Farmers & IBHS Farmers & IBHS
    11. 11. Getting Started <ul><li>Pass codes are utilized to gain initial entry – The key that unlocks the door </li></ul><ul><ul><li>Provided by IBHS to the member company </li></ul></ul><ul><ul><li>Distributed by member company to those eligible </li></ul></ul><ul><ul><li>IBHS can track number of registrants/pass code </li></ul></ul>
    12. 12. Farmers Passcode = FI3797 <ul><li>http://www.ibhs.org/policyholder/redir.asp?codebiz=FI3797 </li></ul>
    13. 13. Registration Type
    14. 14. OFB Registration
    15. 15. Privacy Guarantees & Limit on Liability of Member Co.’s <ul><li>No one has access to business person’s plan except the one(s) with whom the registrant shares the information. </li></ul><ul><li>IBHS will do the following: </li></ul><ul><ul><li>Automatic E-mails to users to remind them to update plans </li></ul></ul><ul><ul><li>IBHS will run periodic reports to compile information in aggregate of perils to which OFB users are exposed – to improve the product and communication messages of IBHS. No individual businesses will be identified. </li></ul></ul><ul><ul><li>IBHS has included “member companies” in multiple locations of its Disclaimer/Privacy Policy to include them in the indemnity and limitation of liability language. </li></ul></ul>
    16. 16. Self-Assessment: Are You Prepared? (Immediately after Registration Page)
    17. 17. OFB Background
    18. 18. Registration Complete
    19. 19. Guidance
    20. 20. Identification of Property
    21. 21. Enter Zip Code
    22. 22. Property Evaluation
    23. 23. Perils for 93551 Palmdale Home Office
    24. 24. Windstorm Exercise
    25. 25. Example of Windstorm Questions
    26. 26. More Information
    27. 27. Select Your Answers
    28. 28. Individualized High Wind Evaluation
    29. 29. View My Recommendation
    30. 30. Recovery Plan Generator
    31. 31. Secure Site
    32. 32. Suppliers/Vendors
    33. 33. Suppliers/ Vendors (contd.)
    34. 34. Key Business Functions
    35. 35. Key Business Functions (contd.)
    36. 36. Voice/Data Communications
    37. 37. Voice/Data Communications (more information)
    38. 38. Recovery Plan Rpts & Download
    39. 39. Sample Employee Report <ul><li>Person responsible for recovery location gets complete report </li></ul><ul><li>Individual employee reports </li></ul><ul><li>View or save as pdf file -- save to hard drive, CD, paper copy, etc. </li></ul>
    40. 40. Logging in & out 1 2 3 4
    41. 41. Update “My Account” Info
    42. 42. <ul><li>Cristofer P Pereyra </li></ul><ul><li>5800 N 19 th Ave, Suite 216 </li></ul><ul><li>Phoenix, AZ 85015 </li></ul><ul><li>(602) 266-6446 Office </li></ul><ul><li>(602) 293-3766 Fax </li></ul><ul><li>[email_address] </li></ul>Thank You VISIT: http://theinsuranceexpert.wordpress.com Cristofer P Pereyra, LLC

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