MLchartDataset catalogue

Physical hazard

Term · Insurance and risk management · MLC-T-INS-002569

A tangible characteristic or condition of property, persons, or operations that increases the probability or severity of a loss. Examples include faulty wiring, flammable materials, poor building construction, or a dangerous work environment. Underwriters assess physical hazards to determine insurability and set appropriate premiums, as they directly influence the likelihood of a claim.

Table 1. Record
IdentifierMLC-T-INS-002569
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002569",
  "term": "Physical hazard",
  "field": "Insurance and risk management",
  "definition": "A tangible characteristic or condition of property, persons, or operations that increases the probability or severity of a loss. Examples include faulty wiring, flammable materials, poor building construction, or a dangerous work environment. Underwriters assess physical hazards to determine insurability and set appropriate premiums, as they directly influence the likelihood of a claim.",
  "url": "https://mlchart.com/terminology/insurance/physical-hazard/"
}

Record 2,556 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.