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Reducing incidents in the workplace isn't the only benefit of doing a risk assessment. Here are four others...

by , 23 February 2015
You already know that doing a risk assessment helps you reduce incidents at work. By identifying the hazards and assessing risks in your company, you're able to deal with them effectively.

What you may not know is there's more to risk assessments than this. And it's important for you to know the other benefits so you get the most from yours, and improve your risk management efforts.

Keep reading to discover four lesser-known benefits of doing a risk assessment.

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Risk assessments aren't just about reducing incidents. Here are four other reasons to do one

Risk Assessment: The 100% legally compliant risk assessment toolkit says conducting a risk assessment will help you:
1. Recognise and control hazards and exposures in the workplace
When you conduct a risk assessment, you're able to identify all the hazards your employees face. This then allows you to implement the correct risk control measures to reduce unacceptable risks to acceptable risks.
The end result?
Your employees are free from harm. And you get to avoid DoL fines for failing to protect your employee's safe. And accident rates decrease.
2. Create awareness among employees. It acts as a health and safety training tool
You have to tell your employees about the risks they face at work and how to protect themselves. A risk assessment is the best way to create awareness.
This brings us to health and safety training.
You have a legal duty to give your employees health and safety training. And what better way to comply than to use your risk assessment as a training tool?
After your risk assessment, train all your employees on the new health and safety risk control measures so they can work safety.
If you want to take things further, conduct a toolbox talk on risk assessments. This way, your employees know that health and safety in the workplace is everyone's responsibility. And they need to help you identify risks and stick to the safety measures you have in place.
For everything you need to know about toolbox talks, check out the Toolbox Talks Kit.
3. Set risk management standards based on acceptable safe practices and legal requirements
A risk assessment takes the guess-work out of risk management. It tells you exactly what type of risks you're facing and this helps you implement health and safety risk controls in line with safety laws.
4. Save costs by being proactive instead of reactive
If you're always reacting after incidents, you'll lose a lot of money. For example, you'll have to get a temporary replacement if your employee gets injured. You may even need to shut down a section of your company to clean up after an incident.
With a risk assessment, you get to prevent accidents before they happen.
Now that you know all about the benefits of conducting a risk assessment, check out Risk Assessment: The 100% legally compliant risk assessment toolkit to discover the four types of risk assessment you must conduct.

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