(a) PHYSICAL HAZARDS : Physical hazards indicate those dangers of the subject-matter of insurance which can be ascertained or identified by mere inspection of the risk. The hazards are apparent in the subject-matter itself. The dangers are visible from the very nature, construction and situation of the subject-matter. Some examples in the various branches of insurance will make the position further clear. Physical Hazards of Insurance. Physical hazards indicate those dangers of the subject matter of insurance which can be ascertained or identified by mere inspection of the risk. The hazards are apparent in the subject- matter itself. The dangers are visible from the very nature, construction and situation of the subject-matter. In addition to the chemical hazards found in laboratories, there are also numerous physical hazards encountered by laboratory staff on a day-to-day basis. As with chemical hazards, having good awareness of these hazards, good preplanning, use of personal protective equipment and following basic safety rules can go a long way in preventing Hazard can be defined as “a feature, physical or otherwise, which affects the probability or extent of loss”. There are two forms of hazard which influence the attitude of the insurer to a risk: physical hazard, and moral hazard. Physical hazard The following are examples of such physical hazards. Fire insurance. In personal accident insurance, physical hazard relates to age, occupation, health, and physical condition etc, of the proposer. In liability insurance, the nature, construction, occupation of the premises and history of past liability are all instances of physical hazards. Physical hazards in fire insurance mean any physical condition that increases the possibility of a loss. These physical hazards can include any material, structural, or operational features of the business. Such physical hazards create or increase the opportunity for injury or damage caused due to fire. Physical Hazards. Physical hazard are based on the intrinsic properties of the chemical. There are five main classes of physical hazard namely Explosive, Flammable, Oxidising, Gases under Pressure and Corrosive to metals. These are then sub-divided into different categories depending on the degree of danger and these are assigned specific Physical Hazards are physical conditions that increase the possibility of a loss. They indicate the dangers of the subject of insurance which can be identified by inspection of the risk. They indicate the dangers of the subject of insurance which can be identified by inspection of the risk. A condition stemming from the material characteristics of an object, e.g., wet or icy street (increasing chance of car collision) and earth faults (hazard for earthquakes) Forklift Safety, Reducing the Risks factsheet (PDF, 216.3 KB) – Comcare’s guidance on responsibilities, physical hazards, safety tips and the importance of supporting traffic management systems. Quad bikes. Quad bikes have received attention due to the high risk of injury when using them. As a result of the quad bike design, riders need to
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