ENTREPRENEURSHIP

Detailed explanation-1: -Natural disasters can cause a lot of issues for companies, in terms of both direct and indirect losses. This is why businesses must make natural disasters a top priority in their risk management efforts.

Detailed explanation-2: -A natural disaster is the negative impact following an actual occurrence of natural hazard in the event that it significantly harms a community. The National Risk Index is designed to help communities understand their relative natural hazard risk and the impacts they could expect during or after a disaster.

Detailed explanation-3: -Disaster risk is expressed as the likelihood of loss of life, injury or destruction and damage from a disaster in a given period of time. Disaster risk is widely recognized as the consequence of the interaction between a hazard and the characteristics that make people and places vulnerable and exposed.

Detailed explanation-4: -A natural disaster is a major adverse event resulting from natural processes of the Earth; examples include floods, hurricanes, tornadoes, volcanic eruptions, earthquakes, tsunamis, and other geologic processes.

Detailed explanation-5: -Natural hazards such as flooding, earthquakes and hurricanes cannot be prevented. However, there are still opportunities to reduce damage from natural hazards.