A risk is defined as an uncertain event of condition that, if it occurs, has a positive or negative effect on a project’s objective. Risk Management is used to foresee these risks, estimate impacts, and define responses to issues. A RMP involves a loss control evaluation, which involves an inspection of the location as well as an inspection previous employee and insurance claim records for the company. A plan is then developed from the potential risks found and implemented through employee awareness and training.
Failure to identify and mitigate risks can endanger employee safety as well drive up insurance and loss-associated costs. Some agencies, such as the United States Department of Defense, and companies, such as insurers and loan providers, may require a RMP to reduce their losses on projects.
From individual loss control evaluations to full Risk Management planning and implementation, First American Safety and Environmental Services can assess the vulnerabilities and provide your business with the foresight and risk management solutions to maintain workplace safety. No matter the scope or size of the project, we can help you keep your project and business moving forward.