The purpose of a risk assessment form is to systematically evaluate activities and consider what could go wrong. People use this information to choose control measures to prevent loss, damage and other unwanted consequences.
Some companies need to look at all possible activities with the potential to cause harm and ensure they are adhering to ethical and legal obligations. The aim should be to reduce risks as much as possible.
Risks assessments are important ways for businesses to protect people that are affiliated with the company. Companies that don't conduct proper risk assessments may put their employees or customers in danger.