Post on 06-Jan-2016
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Natural RiskBy Mahdi, Josh, and Garrett
Natural Risk Are risks that are caused by natural
occurrences. Can result in loss or damage of
property and may cause a business to be shut down for any length of time
Examples Floods Tornadoes Hurricanes Fires Lightning Droughts Earthquakes
More Information Some risks that are caused by people
are also called natural risks Examples: Power outages Civil unrest Oil spills Arson Terrorism War
Weather Is also classified as natural risk. Some businesses depend on weather
conditions for success Example: Ski Resorts
How to protect your business
Companies can purchase insurance to cover certain natural risks.
Special insurance may be required to cover regional threats such as floods or earthquakes