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Examples: 1. The icy road is a serious driving hazard . 2. Chemicals in the lab must be labeled to avoid any hazard . 3. He didn’t want to hazard a guess without more information. 4. Smoking near flammable materials is a fire hazard . Identify hazards and risk factors that have the potential to cause harm ( hazard identification). Analyze and evaluate the risk associated with that hazard (risk analysis, and risk evaluation). Determine appropriate ways to eliminate the hazard , or control the risk when the hazard cannot be eliminated (risk control). Define hazard . hazard synonyms, hazard pronunciation, hazard translation, English dictionary definition of hazard . n. 1. a. A chance of being injured or harmed: Space travel is full of hazards . b. Risk or danger: a high degree of hazard . 2. A possible source of danger:... HAZARD definition: 1. something that is dangerous and likely to cause damage: 2. an area of a golf course (= area of…. Learn more.