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“Hazard” refers to anything that has the potential to cause harm or an adverse effect under a particular circumstance. By analogy, a wet floor poses a hazard because someone could slip and fall. “Risk” is the likelihood that a hazard will cause harm to someone or something. Determining risk requires consideration of whether, how, and how much a person is exposed to a substance or activity. Using the same analogy, the risk of slipping and falling is minimal if the wet area is blocked off and the moisture is removed. However, leaving an area of a floor wet presents a fall risk for people walking through the area. A risk assessment seeks to quantify the probability that harm may occur based on both a known hazard and the probability of exposure to that hazard.
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“Hazard” refers to anything that has the potential to cause harm or an adverse effect under a particular circumstance. By analogy, a wet floor poses a hazard because someone could slip and fall. “Risk” is the likelihood that a hazard will cause harm to someone or something. Determining risk requires consideration of whether, how, and how much a person is exposed to a substance or activity. Using the same analogy, the risk of slipping and falling is minimal if the wet area is blocked off and the moisture is removed. However, leaving an area of a floor wet presents a fall risk for people walking through the area. A risk assessment seeks to quantify the probability that harm may occur based on both a known hazard and the probability of exposure to that hazard.
