Quantitative Risk Assessment for Business Owners

Risk assessment is the evaluation of probability of hazards in real-life situations in the workplace.  It determines the level of risk through careful consideration of probable assumptions and some uncertainties in a given situation.  Within each aspect of the business, from production, distribution, marketing, and sales, risks are assessed on regular basis to determine and […]

Risk Management Assessment for Manufacturers

Risk management is defined as the sufficient undertaking and handling of risks, which include identifying, analyzing, and prioritizing of potential situations that can lead to unfortunate incidents in the work place.  Several methods of risk management include transference of risk, avoidance, reduction of negative effects or diminishing probability of the risk, and sometimes acceptance of […]

Safety Risk Assessment for Business

Safety risk assessments are corporate evaluations of potentially harmful factors in a business establishment.  Companies use assessments to measure the risks to be able to implement precautions to prevent injury and illness in the workplace.  Because employers are legally bound to protect those within their premises, regular appraisals are required to maintain continued efficiency and […]

Workplace Risk Assessment and Prevention

Workplace risk assessment is one of the many responsibilities of any business to its employees.   It is important to conduct a workplace risk assessment in order to become aware of the potential dangers and perform precautionary measures to avoid potential future accidents from occurring.   Conducting a thorough examination of facilities for possible hazards can reduce […]