contingency Archives - Your ExitMap https://yourexitmap.com/tag/contingency/ Free Exit Planning Tools for Business Owners Tue, 21 Mar 2023 14:42:11 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://yourexitmap.com/wp-content/uploads/2026/03/cropped-Site-Icon-YEM-2-32x32.png contingency Archives - Your ExitMap https://yourexitmap.com/tag/contingency/ 32 32 122889523 Contingency and Continuity Planning https://yourexitmap.com/the-difference-between-contingency-and-continuity/ https://yourexitmap.com/the-difference-between-contingency-and-continuity/#respond Sat, 30 Apr 2022 02:04:04 +0000 https://yourexitmap.com/?p=7031 When business consultants talk about preparing for unforeseen problems, they frequently commingle the terms contingency and continuity. The terms are not synonymous, and there are important differences between them. Contingency Planning Contingency planning is generally accepted to mean how a business will respond in the event of a disaster. This could entail a building fire, severe weather, a strike of key service workers, civil unrest, or riots (depending on the audience.) Additionally, in the age of cybersecurity, ransomware or a denial of service attack, identity theft, and electronic fraud are all well qualified to be categorized as disasters. Generally speaking, these are all insurable events. ... Read more

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