Which of the following is NOT a type of hazard?

In the context of risk management and insurance, understanding different types of hazards is essential. Hazards are conditions that increase the likelihood of loss or damage.

Physical hazards refer to tangible factors that can cause harm, such as slippery floors or faulty wiring. Moral hazards arise from unethical behavior or dishonesty, such as an insured party intentionally damaging property to claim insurance money. Morale hazards are related to an individual’s attitude towards risk, such as carelessness or indifference because they feel covered by insurance.

Causal, however, is not recognized as a type of hazard in this context. While it might imply a relationship between cause and effect, it does not fit into the established categories of hazards that assess risk in insurance and risk management practices. This distinction clarifies why "Causal" is the correct answer to which option is NOT a type of hazard.