What Does Contingency Plan Mean?

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What does Contingency Plan mean? Read on to discover the definition & meaning of the term Contingency Plan - to help you better understand the language used in insurance policies.

Contingency Plan

Contingency Plan

Actions taken to address the loss of a specific key process or resource, such as a critical piece of equipment. It typically deals with isolated actions and does not include actions for full recovery of the organization.

We hope the you have a better understanding of the meaning of Contingency Plan.

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