It is essential for nonprofit organizations like NGOs, churches, and religious ministries to have a solid business continuation plan. A business continuation plan should be shared among employees and evaluated regularly for any upgrades.
However, most organizations are confused as to where they should start? Some even wonder if their nonprofit needs a business continuation plan at all. This blog will take you through the steps for creating a business continuation plan for your nonprofit organization.
Be Clear About Your Mission
Any organization, especially a nonprofit, should be clear about “Who” they are and “What” they stand for. Know your mission because that will serve as the foundation of your business continuation plan. Write a small paragraph about your aims, goals, and values, and then proceed with making the plan.
Once you have established a mission for your organization, ensure all employees and volunteers are aware of the mission of the organization. You will also want to provide details of how to accomplish the mission of the nonprofit organization.
Have a Clear Understanding of Your organization
From the structure and hierarchy to the nature and budget of your organization, you should have a clear understanding of each aspect. Each person who is a part of your organization – internal or external – is a key player when it comes to drafting a business continuation plan.
Identify the Risks
Identify the risks that can harm your organization and ensure proper preventative measures are in place. Don’t forget to evaluate the impact of these risks on your operations.
When evaluating these risk place them into three categories:
- Risk Elimination – Once a risk has been identified, look for a solution to eliminate the risk.
- Risk reduction – While not all risk can be eliminated, you may be able to reduce a risk exposure. When reducing the possibility of a risk, it is important that everyone becomes aware of the potential hazard so they can avoid the risk or make others such as visitors aware of the risk in the future.
- Risk Transfer – Liability and property insurance is the best way to transfer your risk to an insurance company. When transferring risk to an insurance company, it is vital this company specializes in your particular nonprofit organization. Many insurance companies may be able to cover your organization, but they may not offer all of the needed insurance coverage. This will leave your nonprofit fully exposed for those key coverages.
A nonprofit organization should know the important business processes and why they are important. Try to give more time to the core processes of your business. Often times management can become disconnected to the overall functions of how the nonprofit operation.
When employee turnover happens, board members who have lost track of the overall business processes may not be able to adequately train a new hire. This can leave a nonprofit faced with many different gaps and loss of possible donors. People remember how things were especially when they see an organizational change they do not like.
Ensure your board members remain active in the overall business organization and not just part of the monthly meeting minutes.
Create a Plan
Use all the collected and analyzed information above to make your business continuation plan. Carefully carry out the paperwork and regularly update the plan for any new risks or developments.
Whether you’re looking for church liability insurance or property insurance, Integrity Now Insurance Brokers can assist you with your unique needs. We’ll connect your church or nonprofit organization to our top-rated insurance carriers, providing you with the most comprehensive coverage policies at affordable rates.
Contact us today to schedule a consultation.