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9 Special Risks

 , July 25, 2016 updated on August 09, 2021
Special risks are a category of risk that are difficult to manage for one reason or another. The following are examples.

Dread Risk

A risk that is associated with strong emotions such as fear or protective instincts. People commonly want to drive dread risks towards zero even if its extraordinarily expensive.

Existential Risk

A global risk to quality of life.

Force Majeure

A large scale negative event that you have no power to stop such as a storm, earthquake or war.

Infinite Risk

A theoretical type of risk that can be used to explain why it makes sense to manage existential risks even if their probability is very small.

Passive Risk

The idea that inaction is often as much of a risk as action. People tend to associate risk with action and passive risk is often neglected.

Positive Risk

In many industries it is common to treat opportunities as positive risk. Many individuals find this term absurd or difficult to embrace because they think of risk as exclusively negative.

Residual Risk

The risk that remains after you have managed risk. It is usually impossible to reduce risk to zero.

Secondary Risk

A risk that results from efforts to reduce risk.

Tactical Risk

Risks associated with decisions that occur at high speed.


This is the complete list of articles we have written about risks.
AI Risk
Risk Avoidance
Brand Risk
Budget Risk
Business Risks
Change Risk
Compliance Risk
Concentration Risk
Cost Risk
Country Risk
Credit Risk
Demand Risk
Dread Risk
Economic Risk
Exchange Rates
Existential Risk
External Risk
Financial Risk
Force Majeure
Good Risk
Health & Safety
Human Error
Risk Identification
Infinite Risk
Inflation Risk
Inherent Risk
Interest Rates
Internal Risks
Investing Risk
Legal Risk
Liquidity Risk
Model Risk
Natural Disasters
Negative Risk
Operations Risk
Passive Risk
Personal Risk
Political Risk
Process Risk
Procurement Risk
Product Risk
Project Risk
Pure Risk
Quality Risk
Risk Mitigation
Refinancing Risk
Regulatory Risk
Reputational Risk
Residual Risk
Resource Risk
Revenue Risk
Risk Appetite
Risk Aversion
Risk Examples
Risk Management
Risk Management Process
Risk Matrix
Risk Meaning
Risk Measurement
Risk Taking
Risk Tolerance
Risk Triggers
Risk vs Issue
Risk vs Opportunity
Risk vs Uncertainty
Risk-Reward Ratio
Seasonal Risk
Secondary Risk
Security Risk
Settlement Risk
Risk Sharing
Speculative Risk
Strategic Risk
Strategy Risk
Supply Risk
Systemic Risk
Tactical Risk
Taxation Risk
Technology Risk
Risk Transfer
Unforced Error
Upside Risk
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Business Risks

A list of common business risks.

Risk Treatment

The four things that can be done about risk.

Risk Management Effectiveness

A metric for measuring risk management.

Positive Risk

The potential that you'll achieve too much of a good thing.

Dread Risk

Any risk that people have a strong aversion too.

Risk Taking

The definition of risk taking with examples.

Risk Examples

A list of risk examples by type.

Risk Probability vs Risk Impact

The two main factors in modeling a risk.

Calculated Risk

A definition of calculated risk with an example.

Relative Risk

How to calculate relative risk with examples.

Risk Management

An overview of the risk management process.

Cascading Failure vs Resilience

An overview of cascading failure and resilience.

Business As Usual

An overview of business as usual.

Risk Mitigation

A list of techniques for reducing risk.

Risk Mitigation vs Risk Reduction

The difference between risk mitigation and risk reduction.

Risk Control

A list of common risk controls.

Risk Value

A definition of risk value with example calculation.

Risk Impact

The common types of risk impact.

Risk Communication

A definition of risk communication with examples.

Risk Management Process

Overview of the steps in a risk management process.
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