Examples of legal hazards include:

Legal hazards refer to situations or conditions that can lead to legal disputes, lawsuits, or regulatory actions. Large jury verdicts are a key example of a legal hazard because they represent the financial consequences that can arise from legal actions taken against a business or individual. These verdicts can significantly impact a company's finances and risk profile, as they may have to allocate large sums for potential damages awarded to plaintiffs in lawsuits. This can affect the way businesses operate, influencing their insurance costs and risk management strategies.

Defective products may lead to legal disputes but are more directly tied to product liability rather than representing a legal hazard themselves. Weather conditions are considered environmental hazards rather than legal ones, and high-risk behavior, while potentially leading to accidents, does not encapsulate the broader concept of legal liabilities and the outcomes like significant jury verdicts that characterize legal hazards. Understanding the impact of large jury verdicts is crucial for risk management, as they highlight the importance of legal preparedness and the potential financial risks that can arise from lawsuits.