Risk Related Guides
Risks
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Force majeure is the chance of a large scale negative event over which a business has no power such as a war, major crime or natural disaster. This is a special class of business risk that is external, unpredictable and irresistible. The following are common examples of force majeure.
Earthquakes | Tsunami | Hurricanes | Typhoons | Cyclones | Tornados | Floods | Volcanic eruptions | Wildfires | Landslides | Avalanches | Ice storms | Disease epidemics | Wars | Invasion | Civil unrest | Terrorist attacks | Riots | Acts of sabotage | Blockades or embargoes | Explosions | Nuclear accidents | Power outages | Acts of piracy | Plagues | Cyberterrorism | Cybersecurity attacks | Economic collapses | Environmental emergencies | Chemical spills |
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Type | | Definition (1) | The potential for a negative large scale event that's fully beyond your control to result in losses. | Definition (2) | A risk that is external, unpredictable and irresistible. | Risk Treatments | | Related Concepts | |
Next: Types of Risk
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