ManagementMania AppMania EduMania JobMania BusinessPages


What is Exposure
Exposure in risk management is a term that refers to the potential danger that may or may not occur. This is the type of risk.

Exposure in risk management is a term that refers to the potential danger that may or may not occur. This is a type of risk. A given risk situation does not present itself expenses for a company, but the protection against exposure can generate them (e.g. insurance or additional investment). If the risk is not mastered, it can result in failure. An important part of risk management is to prepare for future risks.

We define:

  • Degrees of exposure according to the level of exposure
    • First, Second and Third Degree
  • Categories of exposure

    • Unintentional damage - for example, different disorders and the failure of transportation, communication, information, security and other systems
    • Failure of equipment - an example is the failure to comply with various regulations, procedures and laws
    • Intentional damage - for example theft, arson, tax, accounting and insurance fraud, cyber attacks, terrorism
    • Spontaneous (natural) disaster - for example, floods, tornadoes, landslides, storms, snow storms

Related terms and methods:

Related profession:

  • Risk manager

Related management field:

previous next
Did this article help you?
Rating:
Last update: 24.08.2016

Comments



To enter the discussion you must be signed in

Sign in


Related consulting companiesmore...
We can do it