Hazard• A risk or probability that the event insured against might occur.
• Condition which engenders or increases the chances of a loss.
More arising from physical condition or characteristics of the object that is insuredThe entity (individual or otherwise) whose risk of financial loss from an insured peril is protected by the insurance policy. More, e.g., using and storing volatile materials and substances on the premisesBuilding including the land immediately surrounding it and belonging to it. More.