Are all hazards considered risks?

The assertion that not all hazards are considered risks is correct because of the distinction between the two concepts in safety and risk management. A hazard refers to anything that has the potential to cause harm, injury, or damage. It could be a physical object, a situation, or a condition that could lead to an adverse event. However, a risk is the likelihood or probability that a particular hazard will actually cause harm, combined with the severity of that harm if it occurs.

For instance, a chemical substance in a laboratory setting is a hazard due to its potential to cause harm. However, if that substance is stored correctly, handled safely, and there are adequate protective measures in place, the risk associated with that hazard is significantly reduced. Therefore, not every hazard will result in a risk if it is managed appropriately. This understanding highlights the importance of risk assessment and management in ensuring safety in environments where hazards are present.