Risk and Hazard Assessment includes safety analysis and assessment of the workplace. Accidents and ill health can lead to loss of lives and affect your business profitability and reputation. Hence, it is very critical to safeguard every aspect of operation. If output is lost, machinery is damaged, insurance costs increase or you have to go to court, then your business is in trouble. You are legally required to assess the risks in your workplace so you must put plans in place to control risks.