Hazard risk

Hazard risk refers to the potential for harm or damage that arises from various natural or man-made hazards, such as floods, earthquakes, fires, or industrial accidents. It encompasses both the likelihood of these events occurring and the severity of their impacts. Understanding hazard risk helps individuals and organizations prepare for emergencies, implement safety measures, and minimize potential losses. Effective risk management involves assessing vulnerabilities, developing response plans, and fostering resilience to mitigate the adverse effects of such hazards. In essence, it’s about anticipating risks and taking proactive steps to protect lives and property.