Harm is a moral and legal concept, that is, the consequence of an action or event that causes the quantitative or functional reduction of an asset, a value, an object, property or anything else that has an economic, emotional, and moral value. So, in other words, the harm may concern material and physical assets (such as: property, machinery, raw materials, geographical areas) or intangible damage (such as: monetary/financial, to the image or reputation of a company/company/person, to future business prospects, commercial, profitability).
In tort law, harm can be defined as a loss or disadvantage suffered as a result of the actions or omissions of another. This loss can be physical harm, such as slipping and falling on a wet floor, or personal property harm, such as allowing water to ruin furniture. The damage is the result of what someone else did, or did not do, either intentionally or based on a lack of reasonable care.
- Property damage