Risk Related Guides
Risks
| |
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 |
|
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
If you enjoyed this page, please consider bookmarking Simplicable.
TrendingThe most popular articles on Simplicable in the past day.
Recent posts or updates on Simplicable.
Site Map
© 2010-2023 Simplicable. All Rights Reserved. Reproduction of materials found on this site, in any form, without explicit permission is prohibited.
View credits & copyrights or citation information for this page.
|
