This free business contingency plan template gives you a structured document for identifying and preparing for business risks. It covers a description of the activity or situation at risk, a section for listing identified threats and vulnerabilities, a risk table for documenting each risk with a description and probability of occurrence, preventive measures for reducing the likelihood of each risk before it happens, and mitigation actions for minimizing impact if a risk does materialize. Available in Microsoft Word.
A contingency plan is a documented response strategy for events that could disrupt business operations. It defines which risks are most likely, what actions will be taken to prevent them, and how the business will respond if prevention is not enough. Having a plan in place before a disruption occurs reduces response time and limits the operational and financial damage.
The template provides a consistent framework for documenting risk across departments or business units. Pre-built sections guide you through every stage of the planning process, from threat identification to specific response actions. Because it is built in Word, it is easy to share with leadership, update as risks change, and reference directly during an incident.
Frequently asked questions
Is this template free?
Yes. Download it instantly after entering your email. No credit card required.
Is it customizable?
Yes. Every section is fully editable so you can adapt it to your needs.
What is the difference between a contingency plan and a business continuity plan?
A contingency plan focuses on specific identified risks and how to prevent or respond to each one. A business continuity plan is broader and covers how the entire business will continue operating during and after a major disruption.