August 6, 2020

Introduction to risk assessment and how it is conducted

Introduction to risk assessment

A Risk assessment is a systematic process used to identify hazards and associated risks within a business environment, then implementing control measures to reduce this. Risk assessments are typically conducted at every month; this is to ensure that any unforeseen risks can be dealt with efficiently.

Conducting a risk assessment should reach the criteria of:

1. Identify any hazards in the business environment.

2. Who is most at risk, which employees are exposed to more hazards than others?

3. Evaluating the level of risk – The likeliness that the hazard could occur and what are the proposed changes for preventing this.

4. Record the findings and consider the control measures to be taken.

5. Implement the control measures as soon as possible.

Importance of risk assessments

Risk assessments may be seen as an inconvenience, but in reality, it is one of the most crucial components of a successful business and a legal requirement. The importance of a risk assessment is significant; it needs to be conducted to ensure that all workplace hazards are on record and the measures to reducing any possible risks.  

A functional risk assessment will prevent accidents in the business environment, however, if this is not conducted it could lead to several problems for the business.

1. Legal action could be taken against the business, as a risk assessment is a legal requirement.

2. Compensation claims and higher insurance premiums.

3. A negative reputation is surrounding the business due to its health and safety.

4. Loss of profit due to a negative reputation.

Therefore, it is evident that if this is not implemented correctly, it could have devastating effects for the business.

Effective risk management controls to reduce health and safety risks occurring

Implementing risk management systems can prevent the majority of workplace accidents. This can be conducted through a variety of methods.

1. Training

This can be conducted through employee training and could be mandatory for any member of staff.

2. Work Procedures

Ensuring those working in the business environment are aware of work procedures and health and safety rules.

3. Ensuring that equipment in the business environment has routine checks.

For example, computers in the office are checked at regular intervals to ensure there is no fire hazard.

Benefits of risk assessment

The benefits of conducting a risk assessment are instrumental for the safety of employees and the business as a whole.

1. Creating awareness amongst your employees, this can become a training method.

This is a useful method of creating awareness with the employees of the business. With the employees becoming trained in identifying risks and conducting assessments, this is benefiting the employees and business significantly.

2. Saving costs by being proactive instead of reactive

With employees becoming more knowledgeable surrounding risk assessments, this is highly beneficial to the business. This is because there will be more proactive employees identifying hazards and creating control measures, limiting the probability of the risk occurring.

3. Reduced incidents in the business environment

With employees having more knowledge surrounding risk assessments, this reduces the risk of incidents occurring in the workplace.

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