RISK ASSESSMENT – A TOOL TO MINIMIZE THE ACCIDENTSN.A. SIDDIQUI*, R.T. SELVAN** AND AKBAR ZIAUDDIN***Abstract Accidents in industries are common features in most of the industries. Introduction of multinational companies in India and some major accidents worldwide like Flexibrough, Seveso and Bhopal gas tragedy have opened the eyes of regulatory agencies and industry owners. Safer design and intrinsic safe equipment are now used in the industries to avoid accidents but still accidents happen due to one reason or another and that causes direct and indirect losses to the company and some time to the Nation. Concept of risk analysis and management is introduced to prioritize the risk and how to control it. Risk analysis is also part of Environmental Impact Assessment and also it is mandatory requirement by Insurance Companies to take the insurance of the company. In this paper an attempt has been made to give the concept of risk assessment, steps of conducting risk assessment and advantages of this study.
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