Business

Ecclesiastical launches business resilience roadmap

Specialist insurer Ecclesiastical has launched a planning framework to help businesses set out their next steps as they return to work while managing risks and opportunities.

It will work alongside businesses to develop a “strategic risk-based approach to doing business and ensure they are able to cope in the ‘new normal’”.

The insurer said that Covid-19 has exposed new risks, ranging from social distancing to uncertain customer demand, and warned it is “vitally important that businesses are able to adapt to these to ensure the safety of employees and customers”.

It added that the ongoing pandemic is still causing disruption and presenting challenges despite restrictions easing across the country.

Its latest plan includes a set of tools that have been designed to help businesses identify any potential impact, risks and opportunities for organisations going forward. 

These include checklists to look at the impact of the pandemic on the business, such as cash flow issues, whether a lack of technology has hampered delivery of service, to the challenges of keeping stakeholders informed as well as tips to support immediate changes to how an organisation works.

Ecclesiastical said that by reviewing existing strategies and adapting them where needed, businesses should be in a “stronger position to support their long-term viability”.

Sarah Pearson, head of enterprise risk at Ecclesiastical, said: “In these incredibly challenging times organisations across the country have shown amazing resilience and flexibility to adapt to a new landscape, all while managing the risks associated with a global pandemic.

“While we are all still going through a huge amount of change, developing a recovery plan to help you navigate the ‘new norm’ is good governance and using a risk-based approach will mean you are better prepared for whatever the future may hold.”

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