Identify exposures to loss Property Personnel Net income Liability
General liability coverage & costs Third party damages Bodily injury , Property damages , Personal injury Defense expenses Settlements
Hazard and Accident Causation (Identified Hazard)
Precaution Control Measure (Limit hazard movement) By reducing its probability of occurrence Preventive control measure (limit hazard entry) By reducing its severity Consideration of hazards in terms of their probability of occurrence and severity of consequence provides the general rationale for performing all safety risk assessments, which are undertaken as follows: 1. Estimate the probability of a hazards occurrence 2. Evaluate the risk associated with the hazard based upon the frequency and severity estimations 3. Respond to the hazard by implementing suitable control measures.
Risk assessments
Identify exposures to loss Property Personnel Net income Liability
General liability coverage & costs Third party damages Bodily injury , Property damages , Personal injury Defense expenses Settlements
Hazard and Accident Causation (Identified Hazard)
Precaution Control Measure (Limit hazard movement) By reducing its probability of occurrence Preventive control measure (limit hazard entry) By reducing its severity Consideration of hazards in terms of their probability of occurrence and severity of consequence provides the general rationale for performing all safety risk assessments, which are undertaken as follows: 1. Estimate the probability of a hazards occurrence 2. Evaluate the risk associated with the hazard based upon the frequency and severity estimations 3. Respond to the hazard by implementing suitable control measures.