In the interest of ensuring our ability to continue to serve our customers, even in the most extreme or difficult circumstances, NexTier has developed a Business Continuity Plan (Plan) that we will deploy if local or national events ever cause a significant disruption to our business. The Plan is reviewed and updated annually or more frequently if necessary. Because we cannot predict whether or when such events will occur, much less the effect such events might have on our business, we need to be both prepared for a range of events and flexible in our responses. We are taking this opportunity to give you an overview of our plans in the event of a severe business disruption.
Overview of our Plan: We plan to quickly recover and resume business operations after a significant business disruption and respond by safeguarding our employees and property, making a financial and operational assessment, protecting the firm’s books and records, and allowing our customers to transact business. In short, our Plan is designed to permit our firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption. Specifically, under our plan, we have in place:
Varying Disruptions: Significant business disruptions can vary in their scope and intensity. For example, there may be a disruption affecting only our firm, a single building housing our firm, the business district where our firm is located, the city where we are located, or the whole region. Within each of these areas, the severity of the disruption can also vary from minimal to severe. In a disruption to only our firm or a building housing our firm, we will transfer our operations to a local site when needed and expect to recover and resume business within 24 hours.
515 North State Street, Suite 2640
Chicago, Illinois 60654