Understand the essentials of hazard risk and its four key sub-categories in risk management.
Hazard risk refers to pure risks—those that result in either loss or no loss, with no opportunity for gain. These risks are often associated with harm, damage, or disruption, and are commonly insurable. In this foundational course, you’ll explore the core concept of hazard risk and gain a practical understanding of its four key sub-categories: property risk, liability risk, personnel risk, and net income (or business interruption) risk.
Designed for professionals involved in risk management or business operations, this session offers a clear framework for identifying, assessing, and responding to hazard risks. By the end, you’ll be better equipped to recognize these risks and understand how they impact organizational stability and continuity.
BA, MBA, FCIP, CRM
An insurance and risk management leader with over 20 years of combined experience in the area of enterprise and operational risk, risk financing, risk control and claims management.
This portal is provided as a training and development resource for City of Markham employees. Every course is delivered by a qualified subject matter expert or learning organization, is quantifiable in hours, and is verifiable — you receive a documented certificate of completion for every course you finish, stored on LearnFormula indefinitely.
If you hold a professional designation (for example in engineering, accounting, human resources, or law), courses may be counted as professionally relevant, verifiable learning activities toward your continuing professional development. Individual practitioners are responsible for confirming that an activity meets the requirements of their professional body. For questions about the City of Markham's training and development policies, please speak with your people leader or Human Resources.
