Natural hazard

Description of the Ethical Issue We live in a world where we not only need to be prepared for natural disasters but also those that are created by man, including terriost attacks and mass shootings. The World Association of Disaster and Emergency Medicine defines a disaster as: A serious disruption of the functioning of society, causing widespread human, material or environmental losses which exceed the ability of affected society to cope using only its own resources; the result of a vast…

Safety in the science classroom involves weighing the potential risk factors of an experiment against the educational value, teacher and student should have a full understanding all the potential hazards of the materials, the experiment, and the equipment used. Safety concerns and potential hazards should be addressed prior to engaging in any laboratory activity and documented in the lesson plan. Students should be aware of the emergency contact sheet with phone numbers that is attached to the…

The employer must ensure the health and safety of workers at their service in all aspects of their work, for which there will be able to develop, deploy, and implement a plan of prevention for labour risks.To assess the risks plan and execute the preventive activity.In attention to the number of workers and the nature and dangerousness of the activities carried out,a safety professional should be able to carry out the plan of prevention of any occupational risks, evaluation of…

speak about asymmetric information. The information is key to all financial transaction and this is why asymmetric information makes transaction more difficult. Asymmetric information lead to two main issues: adverse selection (ex ante) and moral hazard (ex post). In other words, the lack of information creates troubles before and after the loan. Financial intermediaries use their size and expertise to remedy to this market failure. The…

As insurance becomes less fair, this is better for insurance companies. You can say insurance becomes less lawful. With Administration costs, deductibles, etc., the risk adverse individuals will buy less insurance. Adverse selection and moral hazard on insurance companies have all kinds of problems. People come in different types and look at their own heath in a rational way. “There can be high-risk, low risk,…

Insurance Life Insurance: Life insurance is the pooling and protection of fortuitous losses such as financial position loss that may occur or result from the premature death of the insured by transferring such risks to the insurer through a past written agreed contract that indemnifies the named beneficiaries, and this indemnification amount is specified according to the premium amount. Importance of Insurance: As human beings are ultimately exposed to various types of risk such as; premature…

Most car insurances determine the amount you pay based on your credit score. The logic behind this is that those who tend to have lower credit rates are also more likely to have a poor payment history through-out their life and make more claims. This is also used to view previous credit history; if you have a poor credit history due to frequent missed payments the insurance company can protect themselves by you paying a higher rate in case you repeat your poor payment history. This is the…

Best time to get Pet Insurance There are people who still see pet insurance as useless or again, as a way to get ripped off by “the system”. The truth is that they don’t see why they should get help with paying their vet’s bill. But, like always comes a time when you are hit with unpredictable events, where your beloved furry (or purry) companion gets affected with a serious condition, like for instance, cancer. What do you do in these cases? Do you want to pay your pet’s bill by taking a credit…

Moral hazard is the tendency to overconsume medical care. The term is used by economists as describing the taking on more risk as the cost go up. When it comes to medical care the overall effect is the shifting of the demand curve for medical services and raising the equilibrium price. The purpose of buying health insurance is to financially protect the insured from a large financial expense if they become ill. Illness can come at any time and the medical expenditures are unpredictable for each…

relates to the psychological safety feeling of an employee to get engaged with his/her work. In addition, Amponsah-Tawiah et al. (2013) in their study examine the impact of physical risk factors on employee’s safety experience. They assert that hazards in the physical work environment have a significant impact on employee’s safety experience. Hence, it may argue that physical risk psychological safety affects employee’s psychological safety as an individual. Even though Khan did not mention…