I agree that person is irritating, but your question is a bit broad. Do you have an actual example in mind that you want to ask about?

Clearly if there was a hole in a gas pipe which needed fixing that would fall under the definition of needing to prevent a dangerous accident.

Gross loss is not "if we don't send this email to a client tonight then he will be unhappy". I would interpret that it should be material, i.e. over 5% of the assets of the company. Any other thoughts?