HomeHome SearchSearch MenuMenu Our productsOur products

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. 


27 Items you should have in your Occupational Health and Safety Budget

Click here to find out what they are…


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…

Get your hands on the ultimate health and safety guide today and have peace of mind you're complying with health and safety laws
The Health and Safety Advisor Loose Leaf Service is a genuine practical guide that offers:

 Prompt information of any law changes
 Correct interpretation of the law - solutions from specialists
 Recommendations for the correct application of the law
 Warnings about the repercussions of not complying with the law
 Warnings of possible hazards, certain pitfalls in the law
 Tips to prepare for your DoL inspections
 Samples of documents you need to prepare ...

Vote article

Three steps to draw up your health and safety budget
Note: 5 of 1 vote

Related articles

Related articles

Related Products