Contingency and emergency planning is not a new concept. Every business needs an emergency and contingency plan to reduce the risk and lessen the potential impact on your employees, customers, and the financial health of your business in the case of an emergency.

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The purpose of your Contingency & Emergency Plan is to think ahead about the potential risks and plan how you will respond, manage, and act when specific events occur. Taking the time to conduct a risk assessment in advance allows you and your management teams to think through possible scenarios, define the implications, and plan a response.