Thursday, April 3, 2008

Many London-Based Companies Unprepared for Inevitable Further Terrorist Attacks

Source: Businessinsurance.com

Some companies in London are unprepared for a terrorist attack, according to research by Marsh Ltd. In a survey conducted at a seminar on terrorism, more than one-third of delegates from large and medium-sized companies in the Greater London area said they did not have emergency response, crisis management and business recovery plans integrated in their business continuity management framework or risk management strategy.

Marsh surveyed more than 80 attendees at the seminar in London. “While there is little that businesses can do to prevent a terrorist attack, much can be done to mitigate its impact by forming robust BCM plans, running exercises to rehearse their effectiveness, and managing the risk in their supply chain, or understanding the insurance implications,” said Andrew Ketteridge, a business risk consultant at Marsh, in a statement.