Simple but conservative geometric models are used to estimate the potential for damage to a Tokamak reactor inner wall and blanket due to a toroidal magnet field collapse. The only potential hazard found to exist is due to the MHD pressure rise in a lithium blanket. A survey is made of proposed protection methods for superconducting toroidal magnets. It is found that the two general classifications of protection methods are thermal and electrical. Computer programs were developed which allow the toroidal magnet set to be modeled as a set of circular filaments. A simple thermal model of the conductor was used which allows heat transfer to the magnet structure and which includes the effect of temperature dependent properties. To be effective in large magnets an electrical protection system should remove at least 50% of the stored energy in the protection circuit assuming that all of the superconductor in the circuit quenches when the circuit is activated. A protection system design procedure based on this criterion was developed.