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Volume 27, Issue 3

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May 21, 2013

Creating a disaster recovery plan

As a financial advisor, you are aware of the importance of being properly insured. But are you prepared for the disruption your business would suffer in the event of a disaster — such as a flood, a hurricane or a tornado?

"I am often struck by how few [organizations] have actually gone through the exercise of developing a proper disaster recovery plan," says Dean Tremblay, manager of professional services in Ottawa with Toronto-based Blackiron Data. "In the wake of events such as Hurricane Sandy and others, it is something that every practitioner should have."

Tremblay offers the following advice on how you can begin to ensure your business is prepared for the unexpected: