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The Benefits of a Regular In-house Risk Assessment for The Smaller Businesses

Larger corporations and businesses are required by law to undertake in-depth risk assessments. However, when it comes to the smaller company, the rules aren’t always as stringent.

For those businesses operating with just a handful of employees, some see this type of inspection as unnecessary.  Though not compulsory for certain smaller businesses, the regular benefits of in-house risk assessments can’t be stressed enough, mainly where employee safety’s concerned.

An In-house Risk Assessment is a Good Practice

If you have just a few employees, you aren’t required to write down your risk assessment, unlike more prominent businesses. However, it is best practice to do so merely because you can build up a file of evidence of evaluation for future reference, should you ever need to refer back to it.

You may be a freelancer with the odd employee working for you, a start-up with just two other people, or perhaps a small business with just four people in the office. Either way, by carrying out a regular risk assessment you not only get to improve on the working conditions for everyone, but you also prevent the possibilities of legal cases from your other employees or even members of the public, should an injury occur on your property.

From In-house to External Risk Assessments

Over time, should your business grow, conducting a regular risk assessment can become costly and time-consuming. However, with the likelihood of your industry increasing, it will become vital to carry out more in-depth assessments as your company, and most likely premises expands.

Companies such as  Quanta Consultancy Services understand that there will be times when outside help is crucial to conducting such assessments in the workplace, particularly if your company covers more selective areas such as chemicals, engineering or manufacturing processes.

If you find your business approaching this stage, it is worth considering employing outside advisors who can guide you as to the best assessment procedures and divert your attention to areas that may need more consideration.

Think Ongoing Risk Assessments

Whenever your smaller company performs a new action, it’s always worth asking yourself:

  • What is the potential risk or hazard here?
  • Who is at risk?
  • What is the level of the risk?
  • What precautions have we put in place?

This way, you open your eyes to potential risks as and when they’re introduced to your workplace, ultimately making your annual actual risk assessment run smoother each time.

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