The Importance of Real Estate Continuity Planning
In a world that is increasingly digital and interconnected, unforeseen events can have disastrous effects on the real estate industry. Having a strong business continuity plan in place is one of the best ways to ensure that your company can survive these unforeseen events, and thrive during and after them. What Is Continuity Planning? Essentially, a business continuity plan is a set of procedures that will allow your real estate firm to cope efficiently with a disruption in service caused by cyberattacks, natural disasters or any other incident that may impact normal operations. These plans typically cover emergency actions as well as service restoration activities essential to ensure a quick recovery from any such event. Many real estate companies do not have a business continuity plan in place, and this can pose serious problems in times of crisis. In fact, a recent survey conducted by IndustryEdge and Travelers suggests that…