financial uncertainty in the event of a disaster and allowing for a more efficient use of capital by individuals, business and government. Insurance can also play a role in encouraging mitigation to reduce losses from future natural disasters. The price, or premium for, and availability of insurance provide signals about the level of risk from a range of hazards and provide some encouragement for risk mitigation and reduced vulnerability to loss. Critical infrastructure owners and operators Critical infrastructure underpins the delivery of essential services such as power, water, waste, health, transport, food, telecommunications and banking. Owners and operators of critical infrastructure are ultimately responsible for determining or discharging their own legal obligations and managing risks to their operations that might have a material, financial, legal or reputation impact on the organisation, or harm staff, customers or other parties. Owners and operators do this through appropriate risk management practice, including the development and review of business continuity the provision of adequate security for their assets, and making provision to protect/replace their assets and business from the likely risks in their area, including arranging adequate levels of insurance. The occurrence of emergencies is one of the risks that any business enterprise should take into account in business planning. With regard to risk reduction, owners and operators should: maintain an awareness of their operating environment; actively apply risk management techniques to their planning processes; conduct regular reviews of risk assessments, and security, emergency and contingency plans; use any physical or logistical measures to protect or remove assets and stock from the effects of the hazard, to ensure that supply chains are maintained; make provision to protect/replace their assets, stock and business from the likely risks in their area to minimise business interruption and loss of income (this could include arranging adequate levels of insurance); work with government through relevant jurisdictional arrangements to understand critical interdependencies, both on services whose continual operations the critical infrastructure operators rely and key community services that rely on the critical infrastructure service’s continued delivery; and partner with government and emergency service organisations through relevant jurisdictional arrangements to plan for and manage consequences arising from disasters and emergencies. The not-for-profit sector Include a small section on the role of philanthropy and third sector? Option: ‘the Broadcasters and information dissemination mechanisms
financial uncertainty in the event of a disaster and allowing for a more efficient use of capital by individuals, business and government. Insurance can also play a role in encouraging mitigation to reduce losses from future natural disasters. The price, or premium for, and availability of insurance provide signals about the level of risk from a range of hazards and provide some encouragement for risk mitigation and reduced vulnerability to loss. Critical infrastructure owners and operators Critical infrastructure underpins the delivery of essential services such as power, water, waste, health, transport, food, telecommunications and banking. Owners and operators of critical infrastructure are ultimately responsible for determining or discharging their own legal obligations and managing risks to their operations that might have a material, financial, legal or reputation impact on the organisation, or harm staff, customers or other parties. Owners and operators do this through appropriate risk management practice, including the development and review of business continuity the provision of adequate security for their assets, and making provision to protect/replace their assets and business from the likely risks in their area, including arranging adequate levels of insurance. The occurrence of emergencies is one of the risks that any business enterprise should take into account in business planning. With regard to risk reduction, owners and operators should: maintain an awareness of their operating environment; actively apply risk management techniques to their planning processes; conduct regular reviews of risk assessments, and security, emergency and contingency plans; use any physical or logistical measures to protect or remove assets and stock from the effects of the hazard, to ensure that supply chains are maintained; make provision to protect/replace their assets, stock and business from the likely risks in their area to minimise business interruption and loss of income (this could include arranging adequate levels of insurance); work with government through relevant jurisdictional arrangements to understand critical interdependencies, both on services whose continual operations the critical infrastructure operators rely and key community services that rely on the critical infrastructure service’s continued delivery; and partner with government and emergency service organisations through relevant jurisdictional arrangements to plan for and manage consequences arising from disasters and emergencies. The not-for-profit sector Option: Include a small section on the role of philanthropy and ‘the third sector? Broadcasters and information dissemination mechanisms
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