Why is a Contingency Plan Important for Business?

[Suba]

A contingency plan is a document that contains strategies to anticipate and respond to unexpected emergencies that may disrupt business/company operations. A contingency plan also contains steps/actions that must be taken to address any emergency, including procedures that must be followed by all managers and employees.

 

[Springtime]

It is important to have a contingency plan for a business. There are uncertainties in the business world. The business owner should prepare for the worst.

 

[Augusta]

Emergencies might arise anytime in business so I think it is good to have these plans in place to help you cushion the effects of any unexpected situation or event

 

[eLdavis]

When it comes to running a business, no matter how much you plan for it, anything can go wrong at any time. This is why it is very important to have a plan for the business just in case things do not go as planned.

 

[King Belieal]

A contingency plan is very necessary in business in case the worst ever imagined thing happens to the business, the business would stay afloat.