"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.
"Flood risk" means a risk in respect of flood.
"Coastal erosion risk" means a risk in respect of coastal erosion.
In each case the potential harmful consequences to be considered in assessing risk include, in particular, consequences for—
human health,
the social and economic welfare of individuals and communities,
infrastructure, and
the environment (including cultural heritage).