What does a risk refer to in a workplace context?

In a workplace context, a risk refers to the likelihood that harm will occur from a hazard. This definition encompasses the potential dangers present in the workplace, such as unsafe machinery, chemical exposure, or ergonomic issues, and the probability that these dangers could lead to injury or illness. Understanding risk is crucial for implementing effective health and safety measures, as it helps organizations prioritize their efforts and allocate resources to mitigate potential hazards. By assessing the likelihood of harm occurring, businesses can develop strategies to lower risks, ensuring a safer work environment for employees.

Other options might address related topics, such as costs associated with accidents, methods of evaluating safety procedures, or reporting statistics, but they do not capture the core meaning of 'risk' as it pertains to the probability of harm stemming from hazards. Understanding this concept is foundational for developing comprehensive risk assessments and safety protocols.