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top   »  risk   »  organizational risk   »  weather risk

What is Weather Risk?

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Weather risk is the potential for severe weather to disrupt business operations or damage assets. In some industries, such as construction, weather risk has a significant impact. For the most part, this impact can be anticipated as every year has at least some severe weather. However, some years have far more severe weather than others. Often weather risk is defined as weather patterns that exceed baseline assumptions.
Climate and geography also play a role in weather risk. In some regions, outdoor operations such as construction may incur months of downtime each year due to weather.
Overview: Weather Risk
Type
Risk
Definition
The potential for losses due to unexpectedly severe weather.
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Avoid
Reduce
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Force Majeure
Health And Safety Risk
Next: Disaster Risk

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