Hazard and Risk Definition and Meaning

When referring to Hazard in Occupational Safety and Health, the most commonly used definition is;
"Anything or any action that has potential to cause harm and or illness."
For example; Electricity and Working at Height are hazards.

Similarly, when referring to a Risk in Occupational Safety and Health, commonly used definition is;

"Risk is the likelihood that a person may be harmed or suffers adverse health effects if exposed to a hazard."
For Example; Electric Shock and Fall from height are risk.

But specifically risk can also be defined as;
"Risk is the combination of the likelihood of hazardous event occurring and the consequence of that event."
                                              Risk= likelihood x Consequence

A person is at Risk of Fall and Electrical hazard 

Note:

>Hazardous Event means when someone or something interacts with the hazard and harm results.

>Likelihood means the Chance that hazardous event will occur whereas Consequence means the Outcome of the hazardous event.