Business Services Industry
Are Your Clients Insuring For Disaster?(Real Stories, Real Solutions)
CPA Technology Advisor, The, October, 2009
Are Your Clients Insuring For Disaster?
BY LISA KIANOFF, CPA.CITP
Susan, Robert and Gary have a problem. They have to prepare for the unexpected: What would happen if disaster struck and there was a period that they couldn't get to their systems? And, even though the likelihood of a potentially crippling event was small, how much should their companies invest to try to "protect" their business?
Susan manages a large group of Quick Service restaurants with locations across multiple states. They have thousands of employees, many who live paycheck to paycheck, and she worries about what those employees would do if the company was late on a payday. Would a delay in payroll cause some to lose confidence and go work for a competitor?
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