Risk Management and Communication

Synonyms

Safety management; Hazard management; Hazard reduction; Hazard information; Guidance sheets

Definitions

Risk Management is the process of minimizing risk to an organization by developing systems to identify and analyze potential hazards in order to prevent accidents, injuries, and other adverse occurrences; and by attempting to handle events and incidents which do occur in such a manner that their effect and cost are minimized. Effective risk management has its greatest benefits in application to insurance in order to avert or minimize financial liability.

Communication is the transfer of information regarding workplace exposure to toxic substances from employer to workers.

Basic Characteristics

History

In the early 1970s, basic principles about occupational risks had been regulated and managed. In the late 1970s, the trend for managing risk at work was to merge and centralize the authorities responsible for occupational...