Q:
What is the official
policy in China regarding Disaster Recovery/Business
Continuity and how does my firm comply?
A:
Due to the heightened awareness of disaster recovery
and business continuity planning in light of recent
natural disasters, like Hurricane Katrina in the US,
China has an official policy that their military is
the lead organization for disasters. Local officials
assist in the efforts as first responders, but the military
takes control of search and rescue, recovery and reconstruction
processes.
Insurance policies have been difficult
to secure for construction projects in China but, as
increased exposure to western banking and insurance
policies becomes the standard methods of doing business
in China, expect disaster recovery and business continuity
insurance to become more readily available. Today, most
construction projects in large Chinese cities like Beijing,
Shanghai and Shenzhen have secured Western style insurance
policies. Outside of these major cities, it is still
an emerging business.
To
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at judys@mcgraw-hill.com.
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