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Continuity Central – The business of weather: and managing the risks to your organization

2 Minute Read

The Author:

Ann Pickren, Chief Market Development Officer, OnSolve

The latest enterprise risk management news from around the world

The business of weather: and managing the risks to your organization

Weather risks are some of the most common cause of disruption to businesses in all regions of the world; and like all risks, the actual impact is related to how well the risk is managed. Ann Pickren provides some useful advice…

When risk management professionals hear that the Polar Vortex is collapsing, they aren’t simply worried about how cold it will get; they are focused on the impact to business operations. The risk manager needs to engage the proper functional groups in the organization to make sure their strategies for dealing with operations across the business during severe weather conditions properly address the risk, without introducing new risks. Requiring employees to commute into work in unsafe conditions or failing to communicate with the workforce about impending extreme and severe weather in a timely fashion can elevate human and business risk.

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