In risk assessment, what is the likelihood that a hazard may result in an injury referred to as?

The likelihood that a hazard may result in an injury is referred to as probability. Probability assesses how likely it is that a certain event, such as an injury resulting from a hazard, will occur. In risk assessment, understanding the probability helps organizations evaluate and prioritize risks, allowing for more informed decisions regarding safety measures and resource allocation to minimize potential harm.

While severity refers to the extent of harm that could result from an injury, and frequency indicates how often a hazard might occur, these terms address different aspects of risk assessment. Chance generally refers to the occurrence of an event but is less precise in the context of evaluating risk related to specific hazards. Therefore, focusing on probability provides a clearer understanding of the likelihood of injury in the context of risk assessment.