4.2. Transfer the Risk
Risk transfer transmits the organisation’s risk to an outside party. The most common
method of risk transfer is the purchase of insurance or indemnity. The cost and
conditions of such a transfer will be dependant on the level of assurance the
organisation can provide to the insurer in terms of the likelihood of a claim occurring.
The insurer would require information on type of risk, the robustness of the systems
that the organisation has in place and the claims history to date. An example of this
is clinical, public and employee liability coverage.
4.3. Control the Risk
This is the most commonly used treatment option as it is focused on reducing the
likelihood of the risk occurring or the impact of the risk if it occurs, or both. Note that
there is a trade off between the level of risk and the cost of reducing those risks to
an acceptable level. The most effective methods of risk control are those which
redesign
the systems and processes so that the potential for an adverse outcome is reduced.
When considering additional controls the following hierarchy should apply:
• If practicable, eliminate the risks altogether, or combat the risks at
the source, e.g. use a safe substance instead of a dangerous one
• If elimination of the risk is not practicable, try to reduce the risk at
the source by substituting the material or process with a less
hazardous one or installing or using additional equipment, e.g. by use
of a low voltage electrical appliance, changing the drug packaging
• Finally, reduce the risk via administrative controls and safe systems of
work e.g. policies, procedures and guidelines or by, use of personal
protective equipment (PPE). Use of PPE is the weakest control
measure on the hierarchy and should, if being employed, be used in
conjunction
with other control measures.
In order to ensure that treatment plans are implemented the following should be
documented and subjected to ongoing monitoring and review as part of the normal
business process of the service/area in which the risks are to be treated.
The treatment plans should include:
• Proposed actions
• Resource requirements
• Person responsible for action
• Timeframes (date for review and dates for actions to be completed)
4.2. Transfer the RiskRisk transfer transmits the organisation’s risk to an outside party. The most commonmethod of risk transfer is the purchase of insurance or indemnity. The cost andconditions of such a transfer will be dependant on the level of assurance theorganisation can provide to the insurer in terms of the likelihood of a claim occurring.The insurer would require information on type of risk, the robustness of the systemsthat the organisation has in place and the claims history to date. An example of thisis clinical, public and employee liability coverage.4.3. Control the RiskThis is the most commonly used treatment option as it is focused on reducing thelikelihood of the risk occurring or the impact of the risk if it occurs, or both. Note thatthere is a trade off between the level of risk and the cost of reducing those risks toan acceptable level. The most effective methods of risk control are those whichredesignthe systems and processes so that the potential for an adverse outcome is reduced.When considering additional controls the following hierarchy should apply:• If practicable, eliminate the risks altogether, or combat the risks atthe source, e.g. use a safe substance instead of a dangerous one• If elimination of the risk is not practicable, try to reduce the risk atthe source by substituting the material or process with a lesshazardous one or installing or using additional equipment, e.g. by useof a low voltage electrical appliance, changing the drug packaging• Finally, reduce the risk via administrative controls and safe systems ofwork e.g. policies, procedures and guidelines or by, use of personalprotective equipment (PPE). Use of PPE is the weakest controlmeasure on the hierarchy and should, if being employed, be used inconjunctionwith other control measures.In order to ensure that treatment plans are implemented the following should bedocumented and subjected to ongoing monitoring and review as part of the normalbusiness process of the service/area in which the risks are to be treated.The treatment plans should include:• Proposed actions• Resource requirements• Person responsible for action• Timeframes (date for review and dates for actions to be completed)
การแปล กรุณารอสักครู่..