In most cases, you will need to provide workers’ compensation insurance for accidents and sickness through an approved insurer.Workers’ compensation is covered by separate state and territory legislation.The PPRR model helps you to: Protecting your data and systems is an important part of business continuity planning.
It’s important to make sure you take out the right insurance to protect your business.
The types of insurance required for running your business will vary depending on: Even if insurance is not compulsory, it’s still a good idea to take out the right insurance to protect your business.
For many professionals, these steps present a formidable challenge.
To make the business continuity management process easier, people seek out alternatives, such as software, templates, checklists or consultants.
It will typically include: The prevention, preparedness, response and recovery (PPRR) model is an example of how you can approach risk management in your business.
This model is used by Australian emergency management agencies and can save your business time and money when responding to a setback, incident or disaster.Aside from storage of your digital information, it’s also important to make sure you have proper data protection measure in place to protect your data from hackers and other malicious data attacks.If you're connected to a network, try to have: Taking out comprehensive insurance for your business is essential to your business continuity planning.Estimated reading time: 6 minutes When you’re running a small business, things don’t always go to plan.Preparing your business for these events will help you recover as soon as possible if an incident or crisis does happen.Public liability insurance protects you and your business against the financial risk of being found liable for negligence.Negligence is when you haven’t taken actions to prevent reasonably foreseeable harm, including: If you’re an employer, you must take out workers' compensation insurance to protect your employees against financial hardship as a result of a workplace accident.A business may require a continuity plan for compliance or insurance reasons.Proper business continuity planning also improves communications and helps the organization discover areas where it may be lacking.The site of where your information is stored can be physically very far from you, including overseas.You can then access your information from anywhere, as long as you have access to the internet or other digital network depending on how you have set it up.