Analyse the risk

Analyse the risk

Having identified the equipment or situations which may pose a risk, you need to assess that risk according to its possible severity in terms of life, suffering and dollars.

The risk analysis could be based on any one or more of the following factors:

  • Past accident and loss data
  • Maximum potential loss (human and money)
  • Likelihood of recurrence
  • Number of people at risk (employees involved, others in vicinity)
  • Perceived severity of new accident
  • Newness of the job for you or your employee.

If you have employees, talk to them, and involve family members in discussing potential hazards they may have identified.