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Disaster Losses Magnified By Short-Sighted Planning

Depending on where an organization is located, the phrase "natural catastrophe" may encompass hurricanes, floods, earthquakes, hail, tornadoes, blizzards, landslides and possibly tsunamis.

By Charles Bauroth | Updated on May 06, 2010

Depending on where an organization is located, the phrase “natural catastrophe” may encompass hurricanes, floods, earthquakes, hail, tornadoes, blizzards, landslides and possibly tsunamis. Whatever peril an operation faces, however, a successful risk management approach to natural catastrophes comes down to taking four key steps–knowledge, planning, practice and action.

The first step in preparing for a natural catastrophe is to know what exposures your facility faces. Think about your building’s location. Is it in a floodplain? Is there a hill with landslide potential behind the building? Is there only one road providing access to your facility that falling trees can block?

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