It could be a flood or a fire, illness of important members of staff or IT failure, and it could result in the loss of key customers or, in a worst case scenario, force a business to stop trading.
Firms are increasingly putting in place continuity plans to ensure they can continue to operate in the event of an emergency.
James Davis has been to Manx Telecom’s Business Continuity Centre where he spoke to head of corporate and public sector sales Richard Fletcher:
King Gaming's license suspended amidst criminal investigation
Gambling Supervision Commission publishes statement
Ministers to meet with LVA to discuss hospitality concerns
Comes after concerns raised about the issues facing the industry
Looneys of Ramsey to close
Number of factors behind the decision
Trade is good, but it's still a struggle to make a profit, says local business
Comes after calls for gov't to do more to help hospitality sector
Villiers Square development plans approved
Two buildings proposed for the site
Developer offers Newson's building to government 'free of charge'
But government minister thinks it wouldn't be appropriate to accept
