Coronavirus means you should ensure you can effectively work remotely
MortgageManuals customers have an Operations and IT Business Continuity Plan - add a few checklist items to ensure you can sustain your business
Clear evidence of the Coronavirus' spread to the US means you need to take steps NOW.
Refer to your business continuity plan (in 2-90 IT or 7-0 Operations) and ensure that you have added the following items to your plan.
- Employees can access all data and communications remotely (telework)
- For teleworkers, ensure that you have clear guidelines for hours of operations, coverage of telephones, and protocol for working in a home office environment. (Each company is different - see the Federal government's guidance here)
Add these items to your Regular Risk Assessment
Initially and periodically you should assess risks from developing situations. This is a perfect example. Below is the risk assessment with updates for Pandemic and LIBOR. Have you mitigated the risk as recommended?