Conducting A Risk Assessment For Your Business | Covered Insurance

Conducting risk assessments help to maintain a safe and secure working environment for your employees to work in. Find out more about them here

How will a risk assessment help my business?

A risk assessment will help you to outline various dangers and issues within your organisation and will allow you to take preventative measures that:

  • Tackle occupational risks in the workplace

  • Provide educational, informative material to employees

  • Competently train workers

Who should record a risk assessment and when?

If you are an employer or are self-employed, then you are entirely responsible for the quality of health and safety within your organisation.

When it comes to conducting the actual audit itself, this can be outsourced to an external contractor or to a competent and qualified employee, but remember that you are accountable for the results and implications.

A risk assessment should be performed before any work is started that may pose a risk of injury, ill health or death.

How do I go about conducting a risk assessment?

When carrying out a risk assessment the important thing to remember is that you should identify what it is in your business that might cause harm to employees and visitors.

Once you have identified these risks, you should then prioritise and plan effective measures to either remove these risks completely, or better manage them.

Here’s a general process to follow:

  • Outline the various hazards in you workplace that have the potential to harm others

  • Highlight who in your organisation might be harmed by these risks and how

  • Appropriately evaluate the risks in your workplace and generate controls to tackle these effectively

  • Meticulously record every detail of your risk assessment

  • Regularly review and update your risk assessment, keeping staff notified and aware all of the time.

 What should I record?

When conducting your risk audit, there are three key areas that you should record, as follows:

  • What risks are there?

  • What controls are you going to implement?

  • What controls already exist?

You should also record instances of employees or groups who may be more vulnerable to risk.  

We hope you found this guide useful.

If you would like to arrange a professional insurance review for your business, or to discuss your needs further, please feel free to get in touch today.