Define Morale hazard. Morale hazard synonyms, Morale hazard pronunciation, Morale hazard translation, English dictionary definition of Morale hazard. n. 1. The risk to an insurance company that the holder of a policy will destroy the insured property in
Moral hazarddescribes the behavioral changes that might increase the risk of loss taken because the actor will not bear responsibility should things go wrong. Insurance industry people use to term to refer to the possibility that after receiving coverage, a person might act in a risky way for pe...
moral hazard n. 1.The risk to an insurance company that the holder of a policy will destroy the insured property in order to collect the monetary reimbursement available under the policy. 2.The risk that an individual or organization will behave recklessly or immorally when protected from the ...