Search Results for: HAZARD

moral hazard

A hazard that has its inception in mental attitudes. • Examples include dishonesty, carelessness, and insanity. The risk that an insured will destroy property or allow it to be destroyed (usu. by burning) in order to collect the insurance proceeds is a moral hazard. Also, an insured’s potential interest, if any, in the burning of […]

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hazard

hazard, n. 1. Danger or peril; esp., a contributing factor to a peril. See PERIL. extraordinary hazard. Workers’ compensation. An unusual occupational danger that is increased by the acts of employees other than the injured worker. — Also termed extraordinary danger. [Cases: Workers’ Compensation 511–520, 678. C.J.S. Workmen’s Compensation §§ 288–304, 338, 409, 420, 424.]

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