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The phrase "a double risk" is correct and usable in written English.
It can be used when referring to a situation that involves two distinct risks or dangers.
Example: "Investing in the volatile market presents a double risk, as both the stock prices and economic conditions can fluctuate unpredictably."
Alternatives: "twofold risk" or "dual risk".
Exact(31)
There is a double risk right now.
"That's a double risk," she said.
If so, they are running a double risk.
It's a double risk — you're exposing something that's gross, and you're trying to make people laugh".
And as Zafar Khan of Société Générale, a bank, notes, the CSeries is a new airframe and a new engine, a double risk.
The study, the Women's Health Initiative, found that women taking estrogen plus progestin at the strength once commonly used had a double risk of venous blood clots, which can travel to the lungs and be fatal.
Similar(29)
Logistic regression analysis with mortality as response showed NRBC positivity per se to be an independent risk factor for mortality in ARDS with a doubled risk for ICU death (OR 2.03; 95% CI 1.16 3.55; p < 0.05).
Losen replied that it is "associated" with a doubled risk of dropping out.
Having smoked in the past confers a doubled risk of SAH compared to those who have never smoked.
These patients have a doubled risk of dying from CVD, especially at an earlier age (1).
There are studies showing that high strain is associated with a doubled risk of CHD.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com