Jasz
VIP Contributor
Business hazards are things that can go wrong, cause harm to people, property or the environment, and lead to financial losses. Business hazards can be physical (such as fires, flooding or storm damage), chemical (such as spills) and biological (such as food poisoning). There are many ways you can reduce your business's exposure to hazards, including:
-keeping your premises safe and secure
-using appropriate equipment and systems
-having adequate insurance cover
Your business is exposed to many hazards. Some are natural while others are not. Some hazards can be controlled and some cannot.
Some examples of man-made hazards include:
Fire
Floods
Lightning strikes
Explosions (e.g., car bombs)
Terrorist attacks (e.g., bombings, hijackings)
Worker injuries
Property damage
Loss of market share due to competitors' actions
Business interruption
Data breach (e.g., hacking)
-keeping your premises safe and secure
-using appropriate equipment and systems
-having adequate insurance cover
Your business is exposed to many hazards. Some are natural while others are not. Some hazards can be controlled and some cannot.
Some examples of man-made hazards include:
Fire
Floods
Lightning strikes
Explosions (e.g., car bombs)
Terrorist attacks (e.g., bombings, hijackings)
Worker injuries
Property damage
Loss of market share due to competitors' actions
Business interruption
Data breach (e.g., hacking)