BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What are the four major types of hazards?
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Risk hazard
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Attitudinal hazard
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Moral hazard
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Legal hazard
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Explanation:
Detailed explanation-1: -There are three types of hazards: Human-Caused, Natural, and Technological.
Detailed explanation-2: -Legal Hazards – Hazards that could cause a loss due to legal issues, like a court notice about a property, dispute of an insured person or some other similar legal matter which could result in loss for the insured and for which insurance company may have to pay is a Legal Hazard.
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