6 Questions
Which one of the following best describes a peril?
The cause of the loss in an auto accident
What is a hazard?
A condition that increases the chance of loss
What is a physical hazard?
A physical condition that increases the frequency or severity of loss
Which one of the following best describes a moral hazard?
Dishonesty or character defects in an individual that increase the frequency or severity of loss
What is the definition of a peril?
The cause of the loss in an auto accident
What is the definition of a hazard?
A condition that increases the chance of loss
Test your knowledge on perils, hazards, and the different types of hazards that can contribute to loss in various situations. Explore the definitions and characteristics of physical and moral hazards in this informative quiz.
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