Which of the following is NOT an example of a physical hazard?

In the context of risk management and insurance, physical hazards are those factors or conditions that can lead to physical harm or property damage. These hazards are typically tangible and observable risks present in the environment.

Faking an accident does not fit this definition, as it involves deceit rather than a physical condition or environment. Instead, it pertains to a legal or ethical risk because it involves intentional misconduct. Unlike icy roads, which are a direct environmental condition that can cause accidents, or a defective lock, which is a physical flaw that can compromise security, faking an accident does not create any physical risk in the surroundings.

The chance of fire also represents a physical hazard, as it directly involves the potential for physical damage or harm to property and individuals due to the occurrence of fire, which is an observable risk. Therefore, recognizing that faking an accident does not represent a physical attribute or condition helps clarify why it is the correct answer to the question.