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Risk Benefit Assessment for the United Kingdom

Risk Benefit Assessment Template for England and Wales

A Risk Benefit Assessment Template is a structured document used in England and Wales to evaluate and document both the potential risks and benefits associated with a particular activity, process, or project. It complies with UK health and safety legislation, including the Health and Safety at Work Act 1974 and related regulations. The template provides a systematic approach to weighing the advantages against potential hazards, enabling informed decision-making while ensuring legal compliance and duty of care obligations are met.

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What is a Risk Benefit Assessment?

The Risk Benefit Assessment Template is a critical tool developed to meet the requirements of English and Welsh law for systematic risk evaluation. This document type is essential when organizations need to make informed decisions about implementing new processes, activities, or changes while balancing potential benefits against risks. The template ensures compliance with UK health and safety legislation while providing a structured approach to risk-benefit analysis. It includes sections for hazard identification, risk analysis, benefit assessment, and control measures, making it suitable for various organizational contexts and decision-making processes.

What sections should be included in a Risk Benefit Assessment?

1. Assessment Information: Basic details including date, assessor, location, and activity being assessed

2. Hazard Identification: Comprehensive list of potential hazards associated with the activity

3. Risk Analysis: Evaluation of likelihood and severity of identified risks

4. Current Control Measures: Existing measures in place to mitigate identified risks

5. Benefit Analysis: Assessment of potential benefits and positive outcomes

6. Risk-Benefit Evaluation: Comparison of risks against benefits to determine acceptability

What sections are optional to include in a Risk Benefit Assessment?

1. Environmental Impact Assessment: Additional section required when activity may have environmental implications

2. Vulnerable Groups Assessment: Specific considerations for vulnerable individuals when activity affects children, elderly, or vulnerable adults

3. Financial Impact Analysis: Assessment of financial implications when significant financial risks are involved

What schedules should be included in a Risk Benefit Assessment?

1. Risk Matrix: Template for calculating risk levels based on likelihood and severity

2. Control Measure Checklist: Detailed list of required control measures and their implementation status

3. Review Schedule: Timeline for periodic review and updates of the assessment

4. Incident Report Template: Format for recording any incidents or near-misses

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

England and Wales

Publisher

Ƶ

Sector

Sales

Cost

Free to use
Relevant legal definitions




















Clauses















Industries

Health and Safety at Work etc. Act 1974: Primary legislation that sets out the general duties employers have towards employees and members of the public, and employees have to themselves and to each other

Management of Health and Safety at Work Regulations 1999: Requires employers to assess and manage risks to their employees and others arising from work activities

Control of Substances Hazardous to Health Regulations 2002: Requires employers to control substances that are hazardous to health and provides a framework for assessing and managing these risks

Corporate Manslaughter and Corporate Homicide Act 2007: Establishes corporate liability for manslaughter as a result of serious management failures resulting in a gross breach of duty of care

UK General Data Protection Regulation: Post-Brexit data protection legislation that governs how personal data must be handled and protected in risk assessments

Data Protection Act 2018: Implements and supplements the UK GDPR, providing a framework for data protection in the UK

Construction (Design and Management) Regulations 2015: Specific regulations for managing health, safety and welfare in construction projects

Regulatory Reform (Fire Safety) Order 2005: Requires fire risk assessments and implementation of appropriate fire safety measures

Food Safety Act 1990: Provides the framework for food safety and consumer protection in relation to food

Equality Act 2010: Protects people from discrimination in the workplace and wider society, must be considered in risk assessments affecting different groups

Employment Rights Act 1996: Sets out the rights of employees and responsibilities of employers, relevant for workplace risk assessments

Environmental Protection Act 1990: Controls pollution and waste management, essential for environmental risk assessments

Environment Act 2021: Updates environmental law and sets new environmental standards, including risk assessment requirements for environmental protection

HSE Guidelines: Health and Safety Executive's approved codes of practice and guidance for conducting risk assessments

ISO 31000: International standard providing principles and guidelines for effective risk management practices

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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