A hazard arising from the physical condition or characteristics of the object that is insured; for example, using and storing volatile materials and substances on the premises.

A hazard arising from the character, interests, habits and lack of integrity of the insured person concerned; for example, the failure of individuals to pay bills on time or manage their finances.

Includes both public and private protection.
Public fire protection as discussed in terms of the town grade assigned by each municipality.
Private protection includes sprinklers, or other extinguishing systems, fire brigades and fire alarm systems.

Refers to the chances that the applicant will suffer a loss as a result of proximity to one or more other risks or potential causes of loss to the applicant.
Risks may consist of separate buildings near the one the applicant occupies or natural hazards.