HAZOP is a paradigm of industrial safety, and the introduction of deep learning-based HAZOP text categorization marks the arrival of an intelligent era of safety analysis. However, existing risk analysis methods have limitations in processing complex texts and extracting deep risk features. To solve this problem, this paper proposes a novel HAZOP risk event classification model based on BERT, BiLSTM, and TextCNN. The complexity of HAZOP text is revealed by introducing statistical laws of natural language, such as Zipf’s law and Heaps’ law, and the outputs of different levels of BERT are further combined linearly to collaborate with BiLSTM and TextCNN to capture long-term dependency and local contextual information for a more accurate classification task. Meanwhile, an improved loss function is proposed to effectively solve the deficiencies of the traditional cross-entropy loss function in the mislabeling process and improve the generalization ability of the model. It is experimentally demonstrated that the accuracy of the model is improved by 3% to 4% compared to the traditional BERT model in the task of severity and possibility classification of HAZOP reports. This study not only improves the accuracy and efficiency of HAZOP risk analysis, but also provides new ideas and methods for the application of natural language processing in industrial safety.