What Are Hazards?


"Hazard" is a broad term that refers to anything that is a source of danger or interruption. The two main types of hazards are safety hazards, which are things that can cause physical harm, and moral hazards, which are financial risks. You should know these definitions if you are pursuing studies in health and safety or financial or business management.

Safety Hazards and Obstacles

  • Safety hazards are situations or objects that can cause physical harm, illness or death. Examples include leaving an unattended pot on the stove, which can cause a fire; icy roads during the winter, which can cause accidents; or riding your bike without a helmet, which can lead to serious brain injury or death if you are knocked off the bike. Some hazards are known and warned against, but other hazards are unpredictable. In golfing, hazards are not deadly; they are areas of the course that present a challenge to players, such as a body of water, trees and sand pits.

Moral Hazards

  • Moral hazards are often discussed in the field of insurance. A moral hazard is when someone decides how much risk to take when some of the potential negative consequences are reduced. For example, a person with car insurance may take risks she wouldn't if she were uninsured, because she knows that if she gets into an accident, the insurance company will cover some of the damages.


  • Photo Credit Huntstock/DisabilityImages/Getty Images
Promoted By Zergnet


You May Also Like

  • What Do WHMIS Symbols Mean?

    Canada's national system for hazardous material communication, the WHMIS, or Workplace Hazardous Materials Information System, was implemented to label containers of controlled...

  • How to Identify Health & Safety Hazards in the Workplace

    If you are a business owner, it is vitally important that you learn how to identify health and safety hazards in your...

  • Types of Hazards in a Workplace

    Most employers strive to create and maintain a safe workplace for their employees. In fact, workplace safety is often a very high...

  • Hazards of the Classroom

    While every classroom is designed to be a place for learning, it may have any number of hazards that can make it...

  • Food Safety Hazards

    Food and water are vital to maintain the human body. Food contains needed nutrients and is a source of energy. However, the...

  • What Are Safety Hazards?

    Safety hazards are objects or situations that place people in harm's way. Identifying and addressing these hazards is key to avoiding workplace...

  • What Are the Hazards of Sulfur?

    Sulfur is a chemical element that is nonmetallic. It has a pale yellow color and has no odor. Sulfur in gaseous form...

  • The Risks of a Landscaping Business

    Landscaping businesses provide services related to lawn maintenance and beautification and can range in size from a local one man operation to...

Related Searches

Check It Out

Can You Take Advantage Of Student Loan Forgiveness?

Is DIY in your DNA? Become part of our maker community.
Submit Your Work!