Step-by-step diagram explaining how to conduct a risk assessment for a business

What Is a Workplace Risk Assessment?

A workplace risk assessment is a structured process used to identify hazards, assess potential risks, and implement control measures to reduce the likelihood of harm. UK businesses are legally required to carry out risk assessments under the Health and Safety at Work etc. Act 1974.

Risk assessments should always be practical, proportionate, and tailored to your specific working environment.

Health and safety professional conducting a workplace risk assessment to identify potential hazards

Why Risk Assessments Are Essential for Businesses

Regular risk assessments help your business to:

  • Protect employees, customers, and visitors

  • Meet legal health and safety obligations

  • Reduce accidents and workplace injuries

  • Improve productivity and staff morale

  • Avoid enforcement action and fines

Many organizations also use independent reviews to validate their approach, such as professional health and safety audits conducted by experienced consultants.

How to Conduct a Risk Assessment: Step-by-Step

1. Identify Workplace Hazards

Begin by identifying anything in your workplace that could cause harm, including slips, trips, falls, manual handling activities, faulty equipment, or exposure to hazardous substances. Involving employees at this stage is essential, as they are often best placed to highlight risks.

2. Decide Who Might Be Harmed and How

Consider everyone who could be affected, including employees, contractors, visitors, temporary workers, and vulnerable individuals. This ensures your control measures are suitable for all groups.

3. Evaluate Risks and Implement Controls

Assess how likely each hazard is to cause harm and how severe the outcome could be. Apply control measures using the hierarchy of control wherever possible.

Example:

  • Hazard: Uneven flooring in a stockroom

  • Risk: Trips and falls

  • Control measures: Repair flooring, add non-slip surfaces, and install warning signage

Step-by-step diagram explaining how to conduct a risk assessment for a business

4. Record Your Findings

Businesses with five or more employees are legally required to document their risk assessments. Records should clearly show identified hazards, who may be harmed, control measures in place, responsible persons, and review dates.

If you want reassurance that your documentation meets legal standards, Tailored Safety’s health and safety audits provide expert review and clear recommendations.

5. Review and Update Regularly

Risk assessments should be reviewed when work processes change, new equipment is introduced, an incident or near miss occurs, or legislation is updated. Many businesses choose external support to stay compliant.

Risk Assessment Examples

Example 1: Retail Workplace

  • Hazard: Wet floors near entrances

  • Risk: Slips and falls

  • Controls: Non-slip mats, wet floor signage, routine inspections

Example 2: Manufacturing Environment

  • Hazard: Excessive noise from machinery

  • Risk: Hearing damage

  • Controls: Noise barriers, hearing protection, health surveillance

Example of a workplace risk assessment showing hazards and control measures in a business environment

Making Risk Assessments Work for Your Business

Understanding how to conduct a risk assessment properly is essential for protecting people, maintaining legal compliance, and supporting long-term business success. By identifying hazards, applying effective control measures, and reviewing them regularly, businesses can significantly reduce workplace risks.

For organizations that want added confidence in their approach, professional health and safety audit services provide expert oversight, practical recommendations, and reassurance that risk assessments meet current UK regulations.

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Health and Safety Compliance Checklist for UK Businesses