Risks arise from hazards and surround us all every day. Any activity (and even inactivity) carries a certain level of risk. In a transport business there are many risks of physical harm to individuals (both employees and third parties) but also of damage to the business, possibly resulting in its closure. In neither sense is a completely risk-free environment achievable.

The object of risk management is to identify these hazards, quantify the risks and put in place mitigating measures to reduce the risk to a level that is as low as reasonably practicable.

This topic deals with the general principles of risk management and their application in a business environment. Specific details relating to the requirements of health and safety at work legislation will be found in the Risk Assessment in Road Transport Operations topic which covers health and safety at work.

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