Define: Extraordinary Risk

Extraordinary Risk
Extraordinary Risk
Quick Summary of Extraordinary Risk

Extraordinary risk is a term used to describe a danger or peril that is uncommon and heightened due to the actions of others. It can pertain to occupational hazards that are specific to certain jobs or risks that are covered by insurance policies. Moral hazard refers to a type of risk that arises from dishonesty or carelessness, while physical hazard is a risk that originates from the material world, such as location or exposure. Imminent hazard denotes an immediate danger, particularly in the context of environmental law, where the use of a pesticide may result in harm to the environment or endangered species.

Full Definition Of Extraordinary Risk

Extraordinary risk is defined as an uncommon danger or threat that is amplified by the actions of others. It can also pertain to an immediate peril that may lead to unreasonable negative consequences for the environment or a species at risk. In the context of workers’ compensation, extraordinary hazard refers to an employee facing an unusual occupational danger that is heightened by the actions of fellow employees. For instance, if a construction worker’s co-worker neglects safety protocols, the former may be exposed to an extraordinary risk. In environmental law, an imminent hazard refers to a situation where the continued use of a pesticide could result in unreasonable adverse effects on the environment or an endangered species. For example, if a pesticide is used near a river, it could harm aquatic life and pose a threat to the survival of endangered species. These examples demonstrate how extraordinary risk can originate from various sources, including the actions of others and the environment. It is crucial to identify and mitigate such risks in order to prevent harm and ensure safety.

Extraordinary Risk FAQ'S

An extraordinary risk is a risk that goes beyond the normal or expected level of danger and requires special precautions to prevent harm.

Examples of extraordinary risks can include extreme sports, hazardous materials handling, and high-stakes financial investments.

The responsibility for managing extraordinary risks typically falls on the party or parties involved in the activity or situation that presents the risk.

Yes, individuals can be held liable for extraordinary risks if they fail to take reasonable precautions to prevent harm to others.

Businesses can mitigate extraordinary risks by implementing safety protocols, providing proper training, and obtaining appropriate insurance coverage.

Individuals have a legal obligation to exercise reasonable care and caution when engaging in activities that present extraordinary risks.

Waivers and disclaimers may offer some protection against liability for extraordinary risks, but their enforceability can vary depending on the specific circumstances and applicable laws.

If you are injured due to an extraordinary risk, you should seek medical attention and consult with a legal professional to determine your options for seeking compensation.

There may be specific laws or regulations that address certain types of extraordinary risks, such as those related to environmental hazards or workplace safety.

You can assess the level of risk in a particular situation by considering factors such as the nature of the activity, the potential for harm, and the available safety measures. It may also be helpful to consult with experts or legal professionals for guidance.

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Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 16th April 2024.

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