Part 1

Flood and Coastal Erosion Risk Management

1. Key concepts and definitions

“Risk”
2
1
“Risk” means a risk in respect of an occurrence assessed and expressed (as for insurance and scientific purposes) as a combination of the probability of the occurrence with its potential consequences.
2
“Flood risk” means a risk in respect of flood.
3
“Coastal erosion risk” means a risk in respect of coastal erosion.
4
In each case the potential harmful consequences to be considered in assessing risk include, in particular, consequences for—
a
human health,
b
the social and economic welfare of individuals and communities,
c
infrastructure, and
d
the environment (including cultural heritage).
S. 2 in force at 1.9.2010 for specified purposes by S.I. 2010/2169, art. 3(2)(b)
S. 2 in force at 1.10.2010 in so far as not already in force by S.I. 2010/2169, art. 4, Sch.
Ss. 1-3 applied by 2005 c. 5, s. 86B(4) (as inserted (with effect in accordance with Sch. 5 para. 9 of the amending Act) by Finance Act 2015 (c. 11), Sch. 5 para. 1)