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Natural Risks

Natural Risks. By: Kevin Simpson, Ally Caesare , Ben Zmolik . Natural Risks. Risks that are caused by natural occurrences. They can result in loss or damage of property and may cause a business to be shut down for any length of time.

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Natural Risks

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  1. Natural Risks By: Kevin Simpson, Ally Caesare, Ben Zmolik.

  2. Natural Risks • Risks that are caused by natural occurrences. They can result in loss or damage of property and may cause a business to be shut down for any length of time.

  3. Common natural risks can include catastrophes such as floods, tornadoes, hurricanes, fires, lightning, droughts, and earthquakes. • Businesses can be insured for some natural disasters.

  4. Some risks that are caused by people are called natural risks: • Power outages, civil unrest, oil spills, arson, terrorism, and war are classified as natural risks. • These are not typically insured.

  5. Business can insure against unexpected losses from natural risks but not all. • You can protect your business and staff with things like smoke detectors, fire extinguishers, and automatic sprinklers.

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