General Insurance✓ Verified · outline & fact-checked · Sep 2026Difficulty 2/5
A clinic's icy walkway increases the chance that a patient will slip and fall. In this scenario, the slip-and-fall accident itself is the:
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
The slip-and-fall is the event that could cause injury and financial loss, so it is the peril — the cause of the possible loss. The icy walkway is the hazard, the physical condition that increases the chance of the peril occurring. The risk is the uncertainty that the fall will happen. Keeping peril, hazard, and risk distinct is essential for correctly analyzing a loss exposure.
Why the other options are wrong
- B) The icy walkway is the hazard; the slip-and-fall is the event, not the condition increasing its likelihood.
- C) Risk is the uncertainty of the loss, not the event that would produce it.
- D) Indemnity is the insurer's promise to restore the insured financially; it is not an element of the accident itself.
Memory hook
Ice = hazard, fall = peril, 'maybe I'll fall' = risk. Cause the event, and you know the peril.