Most companies confuse Backup and Disaster Recovery with Business Continuity plans. A Business Continuity plan ensures your business continues to run regardless of the incident. Traditionally Business Continuity was only considered a necessity to the big corporations because of the costs and the risks to the business however this is no longer true.
The increase in Cyber and Ransomware attacks yearly means that all businesses no matter what size are now at risk. Fortunately with the advancement of server virtualisation it is now possible for all business to protect themselves against attach by having a Business Continuity plan in place.
Unless you are regularly verifying backups and have a plan in place for a disaster event you may find that you could be non-compliant in regard to your industry regulations or your insurance requirements.