Importance of Risk Assessment at Your Facility

An in depth Risk Assessment of your facility can save the company from unnecessary accidents and injuries that can be very costly.  Risk Management starts by working with a Risk Consultant to evaluate the potential hazards present at your company’s job site.  The extensively trained Consultant will scrutinize each area of the facility and analyze the probability of an incident occurring.

This scientific process determines a company’s exposure to risk and potential for harmful conditions for the workers in the immediate area.  The specific risks may vary across different industries but may be hazard or flood risk.  Hazard Risks could be of the inherent dangers of working with the hazard or the misidentification of the hazard the employee is working with.  It is important that each employee has the proper training to know and understand the different risks of each potential hazard.  Flood Risk could be increased by being physically located in a flood plain or not having an implementable flood plan. 

The cost saved per year by the company can substantially outweigh any cost incurred by hiring the Consultant.  Each averted risk could cost large sums to recover from the physical damage, or have cost due to lack of production during the incident.  The lower production increases cost per unit and may result in clients leaving due to a lack of faith that a product can be created in a period of time.  The lost clients would compound an already difficult situation and may not return even after production resumes.

A Risk Assessment of your company can save unnecessary cost down the road by mitigating or even eliminating some hazards through Risk Management.  Click here to start working with a consultant to have your company evaluated for risks.  The detailed Risk Assessment is as important as the Risk Management plan to lower the potential for the risks occurring.  Different Industries have challenges that are specific and unique.  The Consultant can work with your company to diminish or alleviate the potential risk all together.  Threats could be to the employee’s safety, environment, or equipment.  Any of these areas could have devastating effects that would be difficult for any company to recover from.  The Risk Management plan allows for solutions to be implemented to safe guard the company against unnecessary events from occurring.  The highly trained Consultant has special training for the identification and knowledge to implement solutions to lower the probability of the risk occurring.