Right skis, wrong hazards (5)
I believe the answer is:
risks
'hazards' is the definition.
('risk' can be a synonym of 'hazard')
'right skis wrong' is the wordplay.
'right' becomes 'R' (common abbreviation).
'wrong' indicates anagramming the letters.
'skis' anagrammed gives 'isks'.
'r'+'isks'='RISKS'
(Other definitions for risks that I've seen before include "Perils" , "Exposes to danger" , "Chances" , "Sources of dangers" , "Puts in jeopardy" .)