Business Interruption / Time Element
34 articles in this category
Windstorm Preparation Guide
Severe windstorm studies have shown that storm-related damage can be prevented or minimized. The keys to this are windstorm preparation planning in advance of the storm, and organized action during...
Protection for Idle and Vacant Properties
Currently we are in unprecedented times with the COVID-19 virus, which has caused a global recession. One of the direct results of the virus is the impact on business. Companies have furloughed...
Large-Loss Commercial Fires in 2017
The National Fire Protection Association (NFPA) reports annually on large-loss fires and explosions that occurred in the United States the year before. Those fires are defined as events that result...
Cyber Attacks on Industrial Control Systems
Since the influence of technology has been greatly increasing, machines have been implemented into industrial processes to aid the manufacturing of a product. This is due to the rise in demand for...
Cybersecurity Risks
Rising concern over cybersecurity is being driven by high-profile data breaches and the growing realization that potential revenue losses from cyber risks can rival those of business interruptions...
An Updated Look at Protection in Glass Manufacturing Plants
Occasionally loss prevention procedures need revision as we learn more about how to protect the hazard. In January 2008 we wrote a comprehensive article on Property Loss Prevention in Glass...
Storm Surge
The major hazards associated with hurricanes are: storm surge and storm tide heavy rainfall and inland flooding high winds rip currents tornadoes For coastal areas, storm surge and large...
Hurricane Sandy and Emergency Preparedness
On Monday October 29, 2012 a Cat 1 (80 mph 1-minute) hurricane made landfall in Atlantic City, NJ. The storm had a very broad windfield with a 1,000 mile diameter of tropical storm force...
Fear vs. Prevention
Two years ago a leading article with a major head line in the USA Today stated "Fierce Hurricane Season Predicted." The article went on to say that an "extremely active" hurricane season was to occur...
Flood Protection
Recent studies have shown that anywhere from 10 to 25% of facilities can experience flooding. Flood maps can give an indication of the flood exposure for a facility. However, there could be errors in...
Protecting Your COPE and Identifying your Commodity Will Help Reduce Fire Loss in Large Buildings
What is COPE? It is the Construction Occupancy Protection and Exposure risk for each building. Significant fire damage in large buildings occurs approximately 300 times per year in the United...
RMS Windstorm Model - Version 11.0 Secondary Modifiers Changes
Risk Management Solutions, Inc. (RMS) specializes in developing probabilistic models of catastrophes. These catastrophe (CAT) models are developed using detailed databases of highly localized...