Almost a half of businesses (46%) do not have a business continuity plan, research from AXA has revealed.
The insurer says this is a worrying statistic, particularly because 17% of businesses claim to have been affected by a disaster in the past. Around 8% claim it took them over six months before they were up and running again.
Doug Barnett, risk control strategy manager at AXA, said: “Every year, thousands of enterprises fold but some of these could be saved if they had a strong business continuity plan in place.”
63% of businesses in the Midlands and South West have business continuity plans against only 48% in the South East. In London, only 49% of those surveyed had a plan in place.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
