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Incidents can have an impact on a company’s ability to operate. After a catastrophic incident, companies may be taken into litigation and be held responsible for significant regulatory fines and citations. Communities and special interest groups may start or increase advocacy efforts to stop a construction project and/or to prevent future projects. Fatal incidents can also make it more difficult for a company to get permits or licenses for new projects. Safety incidents result in increased legal fees, higher insurance costs, plus higher future premiums.

Equally important is the decrease in employee morale and productivity, as well as the increased difficulty in hiring new employees, if individuals do not feel it is safe to work there.

This newsletter examines case studies from three incidents that illustrate how inadequate construction risk management increased a company's risk, along with ten effective strategies for mitigating this risk. Topics include:

• 2001 Fire and Explosion at a Steel Mill
• 2013 Fatal Fireworks Disassembly Explosion and Fire
• 2010 Natural Gas Explosion
• Benefits of CHAs

Bonus!
This newsletter also includes access to a 31-minute presentation by Kamel Balquis and Reshma Lakshman Rao demonstrating PSMPro™ software, a powerful suite of time-saving tools for risk analyses. Conducting process hazard analyses (PHAs) and compliance audits is crucial for identifying and assessing potential hazards. What if you could simplify the process, reduce the learning curve, and increase productivity for your team?

A detailed Construction Hazard Analysis (CHA) can ensure that hazards and potential risks are identified, and adequate safeguards are put in place.

Have a great and safe day.

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