why is a risk assessment valuable for an organization? course hero

Risk assessments save lives by protecting employees and customers from harm. Some hazards can cause long-term health conditions and life-threatening accidents. Fire hazards post as a risk to people, but prolonged exposure to harmful chemicals can cause serious fatalities.

Full Answer

What is the importance of a risk assessment?

Risk assessments are carried out to formally identify hazards or risks involved to employees and other when carrying out a task. This helps the employer put into place adequate measures to protect people form harm. But the importance of risk assessments goes beyond the fact they’re a legal requirement.

Why should you review your risk assessment after an accident?

It is crucial to review your risk assessment after an accident to prevent them from happening again. The different risk assessment needs of a facility should be balanced and relevant to the operational activities. Many industries have specific legislative requirements to fulfil, so also keep those in mind.

How long do you need to keep a risk assessment?

All organizations must keep a written record of their previous risk assessment activities for at least three years. They are one of the first pieces of evidence requested by law enforcement during investigations. Make sure your risk assessment is still valid by reviewing it at least once a year.

Is a risk assessment a legal requirement?

A risk assessment is a legal requirement! The law states that a risk assessment must be 'suitable and sufficient' and it should show that a detailed and through check of the process or task has been carried out and documented. Assessing risk via formal risk assessments is just one part of the overall process used to control risks in your workplace.

Why is risk assessment important?

It is important to ensure awareness and continued learning so your people know how to recognize and mitigate possible threats in the workplace.

Who is responsible for risk assessment?

It is ultimately the responsibility of the employer to carry out risk assessments at work to appoint someone who has relevant knowledge and experience to conduct the risk assessment.

How do risk assessments save lives?

Risk assessments save lives by protecting employees and customers from harm. Some hazards can cause long-term health conditions and life-threatening accidents.

Why is it important to familiarise yourself with the findings of a risk assessment?

It’s important to familiarise oneself with the findings of a risk assessment and ensure that proper safety measures are in place to minimize and eventually eliminate fatalities.

Why is it important to review your risk assessment after an accident?

It is crucial to review your risk assessment after an accident to prevent them from happening again.

What are the different types of risk assessment?

Many industries have specific legislative requirements to fulfil, so also keep those in mind. Here are some common types of risk assessment: – Fire Risk Assessments. Establish fire safety management procedures that also include a comprehensive but effective fire risk assessment.

How often should you review a risk assessment?

Make sure your risk assessment is still valid by reviewing it at least once a year. It is also important to analyse their impact when making marked changes in the following: