What is a hazard? How is it classified?
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Originally Answered: What is hazard? How it is classified?
A hazard is any risk to life or property.
They are generay classed by severity and frequency.
The most severe “Acts of God” (actual insurance term) are often uninsurable.
Think asteroids and 500 year floods.
High risk, tornado, tropical cyclone, certain businesses such as Pawn Shops and Strip Clubs.
Some hazards/scenarios covered by insurance to demonstrate the breadth of “hazard”
House fires are severe, but infrequent, so are major aviation mishaps.
Piracy.
Theft
Personal liability (someone trips and falls in your yard).
Professional malpractice (Doctor, Attorney, Private Investigator).
Professional Liability
Automobile.
Personal Property.
Intellectual Property.
The list goes on.
I hope this answers your question
A hazard is any risk to life or property.
They are generay classed by severity and frequency.
The most severe “Acts of God” (actual insurance term) are often uninsurable.
Think asteroids and 500 year floods.
High risk, tornado, tropical cyclone, certain businesses such as Pawn Shops and Strip Clubs.
Some hazards/scenarios covered by insurance to demonstrate the breadth of “hazard”
House fires are severe, but infrequent, so are major aviation mishaps.
Piracy.
Theft
Personal liability (someone trips and falls in your yard).
Professional malpractice (Doctor, Attorney, Private Investigator).
Professional Liability
Automobile.
Personal Property.
Intellectual Property.
The list goes on.
I hope this answers your question
vanisha1205:
Thank you for answering but I am sorry it doesn't answer my question. I have to write it according to my disaster management holiday homework.
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HEY!!!!
_____*_____
HAZARD MEANS :- it is decent in the term of risk in the form of animal, environment , and many more.
it is classifies in the discent form of those substance.
____&_____.
_____*_____
HAZARD MEANS :- it is decent in the term of risk in the form of animal, environment , and many more.
it is classifies in the discent form of those substance.
____&_____.
Thanks but I need it in detail because I have to write it in my disaster mnagement holiady homework.
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