ABSTRACT
In this chapter, readers learn about the importance and value of business continuity planning so that economic recovery can begin after a disaster. Multiple examples, starting with COVID-19, illustrate the financial costs associated with failing to plan for and manage a disaster. Conditions that influence recovery will be reviewed followed by key considerations and actions that can and should be taken to be ready. Parts of a business continuity plan will be explained including using a hazard identification and risk assessment to identify potential losses that will impact a business. Special attention will be given to how disasters can displace businesses and cause them to lose money during downtime. Opportunities to reduce losses, mitigate risks, and recover sustainably will be reviewed. Throughout the chapter, social and economic vulnerabilities will be demonstrated for high-risk businesses.
