Author Archives: Kenneth J. Stephani, CPA, CIA, Society Insurance Internal Audit Manager

About Kenneth J. Stephani, CPA, CIA, Society Insurance Internal Audit Manager

Ken helped redesign and re-implement Society's Business Continuation Plan in 2013, and has audited Society's internal controls over the past 7 years. Prior to that, Ken worked in public accounting helping small business clients improve the profitability and value of their businesses. He has helped several small businesses recover from the most unfortunate, unexpected absence of a key employee. Ken is a Certified Public Accountant (CPA) and a Certified Internal Auditor (CIA). He also hold the INS (program in general insurance) designation.

Disaster Recovery: What Do I Need in My Business Recovery Plan? (Part 3 of 3)

This entry is part 3 of 5 in the series Disaster Recovery

You can’t predict the unexpected, but you can prepare. A Business Continuation Plan (BCP) costs almost nothing to produce but is critical to recovering losses, and customers, after a disaster. This three-part Disaster Recovery blog series will address important considerations for business continuity after a disaster.

The details that you include in your Business Continuation Plan (BCP) will depend on the particular needs of your business, but there are some key components that should to be included in every disaster plan: (more…)

Disaster Recovery: Keep Your Business Running – Despite a Disaster (Part 2 of 3)

This entry is part 2 of 5 in the series Disaster Recovery

You can’t predict the unexpected, but you can prepare. A Business Continuation Plan (BCP) costs almost nothing to produce but is critical to recovering losses, and customers, after a disaster. This three-part Disaster Recovery blog series will address important considerations for business continuity after a disaster.

No one ever expects a disaster to occur. However, disasters occur every day. That’s why insurance is so valuable. When you consider the odds, you probably should expect to experience a disaster of some sort at some time in your career. But, you still do not know what to expect or when to expect it.

Being prepared can make it much easier to manage your business through any disaster, serve your customers while you are recovering and get back to business as usual more quickly. Insurance is a helpful financial component, but preparing a complete recovery plan can reduce the likelihood that your customers will feel the pain of your disaster.

How can you prepare for a situation that you cannot predict? (more…)

Disaster Recovery: 4 Steps to Prepare Your Business for Disaster Survival (Part 1 of 3)

This entry is part 1 of 5 in the series Disaster Recovery

You can’t predict the unexpected, but you can prepare. A Business Continuation Plan (BCP) costs almost nothing to produce but is critical to recovering losses, and customers, after a disaster. This three-part Disaster Recovery blog series will address important considerations for business continuity after a disaster.

Up to 40% of businesses affected by a natural or human-caused disaster never reopen. (Source:  Insurance Information Institute)

If your business becomes disrupted by a power outage, tornado, chemical spill or other disaster, it can cost you lost profits and lost customers. Developing a plan to (more…)