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Risk assessment is a cornerstone of good health and safety management. All employers regardless of the size of business are required by law to carry out a risk assessment at their place of work and to keep a written record of that risk assessment. A risk assessment is a written document that records a three-step process: 1 Identifying the hazards in the workplace(s) under your control. 2 Assessing the risks presented by these hazards. 3 Putting control measures in place to reduce the risk of these hazards causing harm.