Circumspex and the Value of Disaster Planning

Risk management, as applied within the Circumspex program, provides real benefits to both internal and external customers. It is based on the four components of the of enterprise risk management concept. - risk assessment, business interruption analysis, strategy development, and plan maintenance testing. This approach is of much broader scope than traditional disaster planning or business continuity planning alone. By examining an organization under this wider schema, we are able to have a much more detailed understanding of its functional processes, critical linkages, and vulnerabilities. The benefits to this type of approach are real, salient, and not limited to the company itself. The value of planning with Circumspex extends far beyond to emergency responders, claims adjusters, and even insurance brokers.

Business Owner

Business Owners who use Circumspex are able to effectively manage risk for the organization and better protect their people, property, and business processes. Following pre-established and tested plans during an emergency minimizes potential downtime. Identifying and controlling threats that may cause a disruptive event maximize uptime. . These benefits are key to maintaining the company’s customer base and retaining employees post disaster. Additionally, the ability to recover faster and more effectively than competitors because of your planning puts you in position to increase market share. Then, when it comes time to file insurance claims, you’ll be one step ahead in the claims process using the information you’ve collect to facilitate claims for property, equipment, and contents. And because Circumspex has built in features to help you maintain and update the plan, you can be confident that you are planning and responding with the most current and up to date information.

Insurance Broker

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What does all this mean for the broker? It means they’ll have better prepared client with an improved risk position. This reduces not only the likelihood of a disaster occurrence, but the extent of the costs incurred in a disaster as well. And if less money is paid out in claims, that is more money retained from fees. Circumspex users are not only more aware of the risk they carry; they are also more apt to consider using technology applications to enhance its risk program. By collaborating with the property owner/Circumspex user, brokers will more fully understand the scope and breadth of their business operations and be able to better service the client with programs and coverages appropriate for their unique situation and needs.

Claims Adjuster

Circumspex can provide the claims adjuster with general building information and supporting documents, such as blueprints, which can aide code assessment and other building issues. The adjuster can also access information concerning building equipment, machinery, and contents that can help place parameters around these items pre-loss by identifying values and replacement costs. They can also view details regarding major mechanical equipment such as the manufacturer, model and serial numbers, vendors, and routine maintenance information. With much of the critical equipment and contents already documented by the business owner, adjusting time is reduced and the results more accurate. Benefits accrue to everyone involved as claims are settled quickly and with little dispute.

Emergency Responders

Circumspex is designed to allow public emergency responders access to pertinent building information that will help them to make the best use of their abilities and resources when they arrive on site. The advantage to responders in having this information en route, rather than collecting it on-site, can be a matter of tremendous value in terms of damage, if not life and death. The

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Circumspex and the Value of Disaster Planning

property owner may choose to make available particular information such as special needs/ disabled persons, floor plans, building life safety features, hazardous material location and information, blueprints, areas of refuge, evacuation and assembly routes, and accessibility needs such as parking, entrance height restrictions, etc. Emergency responders, armed with this critical information, are able to hit the ground running and make the most effective use of their resources.

The technology used in business continuity planning and emergency response, recently within reach of only America’s largest companies, is now available to companies of all sizes through Circumspex. The program is robust, yet easy to use and very affordable. It is leading technology for business owners large and small.

Circumspex provides businesses and institutions with a unique platform for analysis and planning. Whereas most small to mid-sized companies failed to include the concepts of business continuity in their business plans, they now have an effective, scalable solution that fits their needs.

Through the process of implementing Circumspex the benefits and rewards to the business owner and others with vested interests become apparent. An informed, prepared organization reaps rewards that are shared beyond its doors.