Page 91 - RISK Management IC86 Ebook

The Insurance Times

Chapter - 8
Business Continuity Management and
Disaster / Emergency / Catastrophe

Emergency / Disaster / Catastrophe

These terms are low frequency high severity risks which may
lead to
l Substantial loss of life,
l High value property damage,
l Long interruption periods &
l All other associated effects

An emergency is a an unplanned event that significantly across
l disrupts normal operations or
l poses serious threat to persons or property,
l cannot be managed by routine response &
l requires a quick and coordinated response

multiple departments or divisions.

Disaster

Disaster Management Act 2005 defines disaster as
"Disaster is an event of natural or manmade causes that leads to

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