What is something that might increase the likelihood that a loss will - ProProfs Discuss
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What is something that might increase the likelihood that a loss will occur, called?



A. Peril
B. Hazard
C. Risk
D. Catastrophe

This question is part of Practise Exam 1
Asked by Wyatt Williams, Last updated: Jan 07, 2020

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1 Answer

John Smith

John Smith

Answered Jan 18, 2017

Hazard

A hazard is something that increases the chance of loss, such as a loose step or flammable materials. A peril is the cause of loss, such as a fire. Risk is any outcome that involves uncertainty. A catastrophe is an unexpected event, such as an earthquake or flood, which is not considered a hazard.
 

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