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Answer:
The purpose of any contingency plan is to allow an organization to return to its daily operations as quickly as possible after an unforeseen event. The contingency plan protects resources, minimizes customer inconvenience and identifies key staff, assigning specific responsibilities in the context of the recovery.
It is important to have a contingency plan to every scenario that might happen to know the do's in every case and to be able to establish a continuity plan. For private sectors, this plan is essential for the quick recovery of the business after an emergency (ex.: fire, tsunami, flood etc.). This also assess the readiness of a business during emergencies.