Contingency plan

{
  "id": "MLC-T-INS-003616",
  "term": "Contingency plan",
  "field": "Insurance and risk management",
  "definition": "A predetermined course of action designed to address a specific adverse event or emergency that could disrupt normal operations or threaten an organization's objectives. It outlines the steps, resources, and responsibilities required to respond effectively to unforeseen circumstances. Such plans are developed for scenarios like natural disasters, cyberattacks, or supply chain failures.",
  "url": "https://mlchart.com/terminology/insurance/contingency-plan/"
}