FFS maintains a BRP in order to provide a functional document that can be referred upon should FFS business operations become impacted by an unexpected disaster. The BRP was developed to help minimize loss and ensure continuity of the critical FFS business functions in the event of a disaster caused by fire, water, earthquake and other natural causes, or malicious actions. It is possible that any of these could occur and that these events could cause varying degrees of disruption to normal FFS business operations. Such disruption could cause significant financial loss if a working contingency plan did not exist.
The FFS BRP serves two primary purposes. It serves as a reference guide for use during the first 48 hours following a disaster, by providing alternate sites and command centers, and contact information for key personnel. It is also used as a reference guide to recover FFS operations in the shortest time possible. In the event of a disaster, the overriding FFS goal is to safely restore critical operations in the shortest time possible.
The scope of this document is to provide a plan for use in the event of a disaster or other disruption of FFS operations, which enables FFS to continue or resume priority business processing and restore full business operations within established time frames, with minimal financial loss and service interruptions to our agents and their customers.
This plan recognizes potential causes for significant business interruption that are readily identifiable. They are:
Natural Causes: Earthquakes, wildfires, hurricanes and floods are examples of natural risks that could impact the physical and e-business functionality of FFS.
Other Causes: Acts of terrorism, civil disturbances and computer viruses are examples of other disasters that could impact the physical and e-business functionality of FFS.
FFS conducts all business on an "application way" basis and does not hold any customer funds or securities. All accounts are maintained directly at each mutual fund or insurance company sponsor. Such companies are also required to establish their own business resumption plans. Should you require access to your investment, please contact the fund company directly using the contact number included on your statements or at the respective fund's website. You may also contact your local Farmers Insurance and Financial Services Agent.
For more information on the FFS BRP, please contact FFS