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When it comes to assessing your company’s international risks, Harris Sliwoski is the perspective your business is missing.
Get Started TodayHarris Sliwoski’s International Risk Assessments provide high-level insights that enable you to make your most important decisions.
We typically examine some or all of the following areas:
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The risk assessment process begins with identifying the hazards that your organization and its employees face. These hazards can include physical elements that may harm employees, as well as digital factors that could compromise employee or consumer data. Additionally, a risk assessment involves determining the likelihood of these hazards causing harm.
Though risk assessment is a useful practice, the legal necessity depends on where your business operates. In the United States, the Occupational Health and Safety Act (OHSA) requires businesses to identify hazards and consider the risks, but there is no formal law that requires a risk assessment. OSHA requires businesses adhere to standards set by industry entities, such as the National Institute for Occupational Safety and Health or the American National Standards Institute.
In contrast with the U.S., the United Kingdom, the European Union, some Canadian provinces, China and other nations require some form of risk assessment in specific situations.
It is possible to perform a risk assessment yourself, but most businesses outsource the process. Internal risk assessments aren’t ideal because some hazards require specialized training and tools to recognize. Though large corporations may have the resources to employ risk assessment experts, most small and midsize organizations require outside assistance.
There are various ways to seek external risk assessments. OSHA offers an on-site consultation program to help smaller businesses perform risk assessments. Working with a qualified law firm for risk assessment is another option that provides several advantages. Experienced lawyers understand your obligations within the United States and when conducting business abroad. Additionally, lawyers offer litigation capabilities if you need them.
Regular risk assessments are essential. For many businesses, an annual risk assessment schedule is sufficient. However, businesses operating in high-risk environments or those facing risks that change between projects should conduct more frequent assessments.