If that were to happen, what would you do?

Literal

By-chance that [subject-が] occur-[conditional-ば], you [topic-は] how do-[question-か]?

A minimal hypothetical question using the abstract それ ('that') as the condition's subject. Combined with 万一 + ば, it's a deliberate vague prompt — 'if something unspecified happens, what then?'