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Volume 27, Issue 3

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June 21, 2013

Risks within risk

For want of a nail

The Atlantic hurricane season arrived June 1. The Pacific typhoon season arrived a little earlier and promptly sent a typhoon across Mexico.

Many organizations have “hurricane” plans. To my mind, that’s foolish. Any “threat specific” plan is, in my opinion, foolish.

The problem with a “hurricane” plan is that it can overlook a risk within a risk.

Consider a hurricane’s main components.

Wind.

Rain.

Storm surge (flood).

Wind is, for the most part, harmless. True, it can blow the roof off a building and that can lead to other damages to a property. And true, it can bring down power lines.

A wind’s main threat potential is carrying missiles – anything it can pick up and hurl along at high velocity.

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http://johnglennmbci.blogspot.com/2013/06/erm-b-c-coop-risks-within-risk.html