Which of the following is a component of the three-step hazard assessment process?

Identifying hazards is a fundamental step in the three-step hazard assessment process. This involves recognizing potential sources of danger within an environment, which is crucial for ensuring safety and preventing accidents, especially in fire investigation contexts. By identifying hazards early, investigators can implement appropriate measures to mitigate risks and ensure a safer environment for both the investigation team and the community.

The other components mentioned, while important in various contexts, do not specifically represent a component of the hazard assessment process. Reporting findings is typically more about communicating results after a hazard assessment has been completed rather than a step within the assessment itself. Insurance evaluation is related to financial risk assessments and may not focus on identifying physical hazards. Environmental impact analysis addresses the broader effects of activities on the environment, which is a distinct area separate from the immediate hazard assessment process.