I work for a small MGU (Managing General Underwriter) in the Self-Insured
market.   Since we are small we generally are limited to operating costs of
an avg of 10% of the premium that we underwrite.  This 10% has to cover all
company expenses, purchases, etc.   Due to this the monthly expenditures of
having an IT "hot site" and  "30 day offsite work area" are somewhat
prohibitive.

If in our Contingency Plan  we plan only for manual processes in case of
Systems failure, until system recovery.  Would there be a problem during
auditing that we do not take into account an offsite business Continuation
of Operations Plan?

43252, c. Contingency Plan states "The organization would be required to
perform .... have available critical facilities for continuing operations
in the event of an emergency and have disaster recovery procedures in
place."

Thanks for any input anyone has in regards to this matter.


Sincerely,

Steve Sklar
IT Manager
Majestic Underwriters, Inc.
(p) 248.583.4488  x246




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