Hazard

Definition

• Something that increases the potential risk of injury or loss. An example of a hazard would be an ice-covered walkway.

Synonyms
risk, danger

Related Terms and Acronyms

• Asbestos (asb) — Abbreviation,
  • A fire-resistant element that once was commonly used for insulation. It poses a lung hazard.
• Clear-Space Clause — Definition,
  • A clause that requires insured property to be located a minimum distance from surrounding property.
• Exposure — Definition,
  • How much liability an insurer takes on when they write an insurance policy.
• Hazard Insurance — Definition,
  • Insurance that covers hazards that are considered risky enough not to be covered by a standard insurance policy.
• Hazardous Activity — Definition,
  • Activities that pose a high risk of injury and as such are not covered by an insurance policy.
• Peril — Definition,
  • Anything that poses a risk of loss, which may or may not be insurable depending on the potential for risk.