A hazard is anything that could cause harm. And, A hazard refers to anything with the potential to cause harm, damage, or adverse effects to people, property, the environment, or any other entity.
Hazards can be physical (e.g., fire, electricity), chemical (e.g., toxic substances), biological (e.g., pathogens), ergonomic (e.g., repetitive motion), or psychosocial (e.g., stress).
Risk, is part of everyone's life. For example, there is a risk of injury due to traffic accidents when we go out onto the street. Also, when we put money in a bank, there is a risk of not being able to retrieve it if the bank goes bankrupt.
A hazard is anything that could cause harm. And, A hazard refers to anything with the potential to cause harm, damage, or adverse effects to people, property, the environment, or any other entity.
Hazards can be physical (e.g., fire, electricity), chemical (e.g., toxic substances), biological (e.g., pathogens), ergonomic (e.g., repetitive motion), or psychosocial (e.g., stress).
Risk, is part of everyone's life. For example, there is a risk of injury due to traffic accidents when we go out onto the street. Also, when we put money in a bank, there is a risk of not being able to retrieve it if the bank goes bankrupt.
A Hazard is the inherent potentiel for harm or danger, while risk is the measure of probability and potentiel of consequences of that Hazard leading to adverse outcomes. Hazards existe regardless of whether there is exposure to them, whereas risk considers the likelihood and impact of exposure to hazard
Giving examples to make it clearer:
Hazard: crude oil storage tank. Risk: leakage through hole in the crude oil tank, followed by fire or explosion. Atmospheric discharge (lightning) following fire.
Hazard: bus circling. Risk: pedestrians being run over or crash into a house.
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