Posts Tagged ‘Hazard’

What is Harm, Hazard and Risk?

Harm – Physical injury and/or damage to the health of people or damage to property or the environment.


Hazard – A possible source of harm


Risk – It is the combination of the probability of occurrence of harm and the severity of that harm. Risk has following three primary components:

  • A hazard
  • Probability of the hazard occurring (likelihood)
  • Potential impact of that hazard (severity).