There are numerous hazards to your business to consider
A risk assessment is a process to identify potential hazards and analyze what could happen if a hazard occurs. A business impact analysis (BIA) is the process for determining the potential impacts resulting from the interruption of time sensitive or critical business processes.
There are numerous hazards to your business to consider. For each hazard there are many possible scenarios that could unfold depending on timing, magnitude, and location of the hazard. Consider hurricanes: