hazard definition

hazard

Insurance: Condition or situation that creates or increases chance of loss in an insured risk, separated into two kinds (1) Physical hazard: physical environment which could increase or decrease the probability or severity of a loss. It can be managed through risk-improvement, insurance policy terms, and premium rates. (2) Moral hazard: attitude and ethical conduct of the insured. It cannot be managed but can be avoided—by declining to insure the risk.

Workplace safety: Dangerous event or situation that may lead to an emergency or disaster. It could also be a biological, chemical, or physical agent in (or a property of) an environment that may have an adverse health effect, or may cause injury or loss. As such, a hazard is a potential and not an actual possibility.

hazard is in the Disaster Planning & Risk Management, General, Marine, & Life Insurance and Material & Occupational Safety subjects.

hazard appears in the definitions of the following terms: flammable solid, hazard communication standard, inherently safe, critical hazard, action level, risk assessment, chemnet, occupational accident, housekeeping, risk characterization and

hazard appears in the other terms: morale hazard, hazardous chemical, cutaneous hazard, hazardous waste, biological hazardous-waste treatment process, hazardous air pollutant, chemical-physical hazardous-waste treatment, health hazard, moral hazard, hazard analysis and critical control point and

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