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When it comes to assessing your company’s international risks, Harris Sliwoski is the perspective your business is missing.
Get Started TodayHarris Sliwoski’s Risk Assessment provides high-level insight and better enables you to make your most important decisions. We typically look at some or all of the following:
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The risk assessment process starts with recognizing the hazards your organization and its employees face. These hazards can include physical elements that harm employees, along with digital factors that risk employee or consumer data. A risk assessment also means determining the likelihood of those hazards causing harm.
While risk assessment is a useful practice, the legal necessity depends on where your business operates. In the United States, the Occupational Health and Safety Act (OHSA) requires businesses to identify hazards and consider the risks, but there is no formal law that requires a risk assessment. OSHA expects businesses to respect standards set by entities in their industry, such as the National Institute for Occupational Safety and Health or the American National Standards Institute.
In contrast with the U.S., the United Kingdom, the European Union, some Canadian provinces, China and some other nations require some form or risk assessment in specific situations.
It is possible to perform a risk assessment independently, but most businesses outsource the process. Independent risk assessments aren’t ideal because some hazards require specialized training and tools to recognize. While a large corporation may have the resources to employ risk assessment experts, most small and midsize organizations require outside assistance.
There are various ways to seek external risk assessments. OSHA offers an on-site consultation program to help smaller businesses perform risk assessments. Working with a qualified law firm for risk assessment is another option that provides several advantages. Experienced lawyers understand your obligations inside the United States and when conducting business abroad. Lawyers also offer litigation capabilities if you need them.
It’s best to conduct regular risk assessments. An annual risk assessment schedule is acceptable for many businesses. Others, especially those operating in high-risk environments or those facing risks that change between projects, should conduct more frequent assessments.
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