57% of Real Estate Companies Lack Business Continuity/Disaster Recovery Plans
At a time when extreme weather events are frequently occurring, leaders within the United States commercial real estate industry are largely unprepared to maintain daily business operations according to a recent IndustryEdgesurvey conducted by Travelers. The results indicate that 57 percent of real estate owners and managers are operating without a business continuity plan.
About 43 percent of the 200 real estate industry professionals did not consider natural disasters to be an important business issue, said the survey.