London businesses ill-prepared for terrorist attack

by Gill Montia

Story link: London businesses ill-prepared for terrorist attack

Marsh, the insurance brokerage and risk management consultancy, has warned that many London businesses could be under-prepared for a terrorist attack.

In a recent survey the firm questioned delegates from medium-sized to large companies located in the Greater London Area, who were attending a conference on the threat of terrorism.

One-third of those surveyed did not have emergency response, crisis management and business recovery plan integrated within their business continuity management (BCM) framework, or risk management strategy.

Antony Ketteridge, a business risk consultant at Marsh, comments: “We urge all London businesses to review their BCM plans and processes to ensure they are equipped to respond to a terrorist incident.”

Adding: “While there is little businesses can do to prevent a terrorist attack, much can be done to mitigate its impact by forming robust BCM plans, running exercises to rehearse their effectiveness, and managing the risk in their supply chain, or understanding the insurance implications.”

Marsh has developed a range of BCM services and has worked with over 2,000 organisations across Europe.