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Business Impact Analysis

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You Can’t Avoid Getting Hit If You Don’t Know Where You’re Open

According to the Department of Homeland Security, a Business Impact Analysis “predicts the consequences of disruption of a business function and process and gathers information needed to develop recovery strategies.” A business with an accurate and updated BIA is far more prepared for business interruption and is less likely to be impacted by outages resulting in:

  • Lost or delayed sales and income
  • Increased expenses (e.g., overtime labor, outsourcing, expediting costs, etc.)
  • Regulatory fines
  • Contractual penalties
  • Customer dissatisfaction or defection
  • Delay of new business plans

Our experienced risk consultants can guide you in the development and maintenance of an accurate BIA which will help minimize or avoid costly impacts and satisfy regulatory requirements such as New York State’s 23 NYCRR 500 regulation affecting all financial and insurance entities doing business in that state.

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business ahead?

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Ready to move your business ahead?

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Why Choose RED74?

RED74’s team of IT industry veterans delivers comprehensive, reliable and effective IT services and guidance for clients. Our expertise is in information technology; our focus is on our clients’ success.

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