A hazard is a potential source of harm. Substances, events, or circumstances can constitute hazards when their nature would potentially allow them to cause damage to health, life, property, or any other interest of value. The probability of that harm being realized in a specific incident, combined with the magnitude of potential harm, make up its risk. This term is often used synonymously in colloquial speech.
Hazards can be classified in several ways which are not mutually exclusive. They can be classified by causing actor (for example, natural or anthropogenic), by physical nature (e.g. biological or chemical) or by type of damage (e.g., health hazard or environmental hazard). Examples of natural disasters with highly harmful impacts on a society are floods, droughts, earthquakes, tropical cyclones, lightning strikes, volcanic activity and wildfires. Technological and anthropogenic hazards include, for example, structural collapses, transport accidents, accidental or intentional explosions, and release of toxic materials.
