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Three steps to draw up your health and safety budget

by , 06 September 2015
To implement your Health and Safety programme, you should introduce an Occupational Health and Safety Budget.

Failing to do so can lead to unforeseen health and safety expenses creeping up and denting your pocket. In other words, it is a very good idea to set up a budget to deal with any expenses that may come up.

Here are three steps on how to compile your health and safety budget:

1. Make a plan: 

You must plan out how you are going to implement your health and safety system.
This will require a risk assessment to identify any potential risks in the workplace. You can then budget accordingly for any preventative controls. 

Your risk assessment can then be followed by a compliance audit. 
 

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2. Do the sums:

Once you have identified all risks and appropriate preventative methods, you can then start getting quotes from suppliers. 
Look for suppliers who are well-known and have a good reputation in the industry. And most importantly, ensure that your suppliers are legally compliant. 

3. Financing your system: 

After you have received all of your quotes, you can now formulate your health and safety budget by matching your quotes to each particular risk. 

Remember that not all suppliers will be able to address your risks at the same time, so break up your budget into several phases. 
 
So, there are three simple steps to formulating your health budget. 

To learn more, click below…
 
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