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COVID-19 crisis highlights the hidden threat to business continuity

Richard Bull, tax partner, Crowe, 14/07/2020

As the world adjusts to new ways of working and the aftermath of the coronavirus, businesses that rely too much on one or two directors to sign off deals and authorise payments, could be at risk if these senior leaders sadly succumb to COVID-19, or in fact any other serious illness. At the same time, sole traders are even more at risk.

It’s not just coronavirus but any kind of illness affecting the owner, finance director or other key personnel that can cripple a business, if contingencies are not in place to cover such an eventuality.

Suddenly everything is in chaos - who has the username or passwords for business ba...


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