How Effective Risk Assessment Can Save Your Company Time and Money
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As a business owner, your priority is to ensure that your company is both profitable and protected. One way to achieve this is by conducting effective risk assessments. Risk assessment involves identifying potential hazards and assessing the likelihood of harm or damage occurring. Below are some reasons why effective risk assessment can save your company time and money.
1. Prevent accidents and incidents
Effective risk assessment can prevent accidents and incidents from occurring in the workplace. Identifying potential hazards such as electrical faults or slip hazards can help you take preventative measures to avoid accidents. Fewer accidents mean less …