As a business owner, your job is to focus on how to expand your business and improve your profitability. It also is important to make time to examine your business’ risks and vulnerabilities. When you have changes in your internal and external environments, your business may be exposed to new risks, and your tolerance for previously identified risks may change. That is why you should make conducting an annual risk and vulnerability assessment a priority, as part of your overall business protection planning. This assessment is the process of identifying, quantifying and documenting the probability and overall potential severity of various types of threats or hazards (e.g., natural disasters or political events, human, technological or security factors, accidents or the loss of key staff) that could damage your facility and/or cause a disruption in your business. Click here to Read More. You can also go to Disaster Planning to find more information and resources.