In an ideal world, every workplace would be completely risk-free. However, safety managers realize that a 100% risk-free environmental is not exactly attainable.
Risk is determined by assessing two components: the severity of the outcome and the probability that such an event could occur. According to William Lowrance, author of, Of Acceptable Risk: Science and the Determination of Safety, “Because nothing can be absolutely free of risk, nothing can be said to be absolutely safe. There are degrees of risk, and consequently there are degrees of safety.”
There are bound to be several changes in the world of OSHA and workplace safety in the coming years since the Trump administration calls for significant changes for worker safety regulation. As regulations begin to roll back, organizations will set new levels of risk taking and evaluate what is acceptable risk behavior.
Watch this webinar to learn:
- The differences between individual and organizational risk
- How to understand the components of risk
- How to discover methods of quantifying risk
- How to understand the concept of residual risk
- Strategies for a risk reduction plan
Rick Fineman, Vice President, Risk Management Services
ICW Group Insurance Companies
Rick Fineman is the Vice President of Risk Management Services for the Insurance Company of the West, a mono-line workers’ compensation carrier based in San Diego, California and has over 30 years’ experience as a consultant, risk manager and an executive manager for large insurance carriers. He has a bachelor of science in Chemistry from University of Washington, a Bachelor of Science in Occupational Safety and Health from Central Washington University, a Masters of Public Heath in Toxicology, is a Certified Safety Professional and holds his ARM, ALCM, and CHCM designations.