This paper makes the case for why safetynets are an important tool for managing the risk of naturalhazards. The use of safety nets is advocated both ex ante,to prevent and mitigate the impact of natural disaster andex post, to cope with the impacts of natural shocks.Firstly, the paper explores the implications of contextualfactors to be taken into account in the design of aneffective safety net system to respond to the needsgenerated by natural disasters. Learning from the responsesto a number of recent natural disasters, a typology of thedifferent types of natural hazards which require differentapproaches to reduce their risk is introduced. Secondly, thepaper considers some 'guidelines' for improvingthe design and implementation of safety nets either toprevent and/or to recover from natural disasters. Finally,some conclusions and recommendations for more effectivesafety net and suggestions for addressing key issues are outlined.