Disaster Recovery Risk

Definition and Citations:

The RISK of loss arising from damage to physical infrastructure which prohibits the use of real estate, plant and equipment, technology and communications leading to a halt in operations; the disaster may be firm-specific, industry-based, regional, or systemwide. Disaster recovery risks can often be covered through specific BUSINESS INTERRUPTION INSURANCE. A subcategory of PROCESS RISK. See also BUSINESS RECOVERY RISK.

Latest Articles