MLchartDataset catalogue

Hazard

Term · Insurance and risk management · MLC-T-INS-001707

A condition or situation that increases the probability or severity of a loss. Hazards can be physical, such as a slippery floor or faulty wiring, or moral, such as dishonesty or carelessness. Insurers assess hazards to determine the level of risk and set appropriate premiums for coverage.

Table 1. Record
IdentifierMLC-T-INS-001707
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001707",
  "term": "Hazard",
  "field": "Insurance and risk management",
  "definition": "A condition or situation that increases the probability or severity of a loss. Hazards can be physical, such as a slippery floor or faulty wiring, or moral, such as dishonesty or carelessness. Insurers assess hazards to determine the level of risk and set appropriate premiums for coverage.",
  "url": "https://mlchart.com/terminology/insurance/hazard/"
}

Record 1,612 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.