Risk Management Speculative risk Pure risk Everyday life Business risk Occupational safety and health is ONE business risk
Risk Management for OSH Hazard Risk Control Identify the hazard Assess the risk Controlthe risk • Avoid • Retain and / or Reduce • Transfer Likelihood Severity
Hazard Identification Consult Managers, supervisors, representatives, employees, others Records of accidents and previous audits
RISK ASSESSMENT Legal requirement 2005 Act, General Application Regulations 2007 and other Regulations Basis of Safety Statement
Risk Financial Physical Choice In all cases: • Likelihood (probability) and consequences In OSH cases: • Hazard and exposure
Risk Assessment Hazard: Filing cabinet Risk: of catching fingers in a drawer Likelihood/ frequency:few employees LOW Severity: minor injury to finger MINOR LOW risk Controls ?????
Risk Assessment – Low RISK Hazard: Filing cabinet Risk: of catching fingers in a drawer of tipping over Controls Planned Preventive Maintenance Staff education Store bottom up Likelihood / frequency:few employees LOW Severity: minor injury to finger MINOR
Risk Assessment – High RISK Hazard: Noise level 90dBA Risk: of exposure to high levels of noise Likelihood / frequency: dozens of employees, daily exposure, constant noise HIGH Severity: Hearing loss SERIOUS SERIOUS risk Controls Comply with law Training Health Surveillance