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What is the Difference between Hazard & Risk?

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What is the Difference between Hazard & Risk? 

Hazard

Something with the potential to cause a Harm of any kind.

For Example:

  • Injury to People,
  • Damage to Equipment or
  • Damage to Plant Etc.



Risk

The likelihood that a

  • Hazard will Cause Harm

In combination with the

  • Severity of injury, Damage or Loss

– that might foreseeable occur.

                         Likelihood X Severity = Risk



In Other Words:

hazard is something that can cause harm, e.g. electricity, chemicals, working up a ladder, noise, a keyboard, a bully at work, stress, etc.

risk is the chance, high or low, that any hazard will actually cause somebody harm.

For example, working alone away from your office can be a hazard. The risk of personal danger may be high. Electric cabling is a hazard. If it has snagged on a sharp object, the exposed wiring places it in a ‘high-risk’ category.

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