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What is Force Majeure?

 , updated on July 10, 2023
Force majeure is the chance of a large scale negative event over which a business has no power such as a war, major crime, hurricane, flood, earthquake, tsunami or volcanic eruption. This is a common liability exemption in contracts such as insurance policies. In some cases, force majeure is also incorporated as an exemption to terms outlined in international treaties.
According to most accepted definitions, an event must be external, unpredictable and irresistible to qualify as force majeure.
Overview: Force Majeure
Type
Risk
Definition
The potential for a negative large scale event that's fully beyond your control to result in losses.
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