Ebook: A Comprehensive Guide to Contractor Risk Management

Risk ManagementKeeping workers safe should always be made the top priority of every company, especially if they are involved in heavy industries such as mining and construction, where the chance of an accident occurring is well above the average rate. Before a new project even starts, a suitable risk management plan should always be formed.

The process of risk management can briefly be described as the identification, assessment and control of the risks that each business could possibly or is likely to face. In the ebook, the risk management plan is explained in more detail and organized into 5 key components:

  1. Risk identification
  2. Risk analysis
  3. Risk response planning
  4. Risk tracking and control
  5. Risk monitoring and reporting

One of the main goals of an effective risk management plan is to prevent an accident before it even occurs, often by identifying possible risks immediately, which may have been first discovered through the analysis and reporting of other accidents or injuries.

Certain challenges which could occur are also explored in more detail, along with some of the best practices involved in effective risk management. Online orientation training and the positive effects involved in allowing contractors to learn at their own pace are an important benefit. Others mentioned, include the use of pre-qualification companies to find the most suitable workers and the formation of an accurate pre-job risk assessment.

Download this ebook for more information about contractor risk management and:

  • The risks involved in hiring contractors, often more prone to injury.
  • Planning a reliable risk management plan.
  • Common problems occurring in risk management.
  • Best practices of risk mitigation

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