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COVID-19 Government info for businesses

Access the information you need on COVID-19 (novel coronavirus), stay updated and learn how to safeguard your business.

COVID-19: Information for businesses

Business Tasmania

Risk management

Risk management helps you make better business decisions, reduce and prepare for things that may have a negative impact on your business.

This could be natural or man-made disasters, economic turn-downs of workplace health and safety issues. Risk management also gives you the opportunity to identify positive impacts – and do more of those.

Risk management starts with identifying the different types of risk and when events in your business will allow you to control the opportunities and manage the uncertainties.  As a business owner, you're required by law to manage some risks.

For example, you must manage or reduce the risk of:

Begin by finding out about risk management practices and how you can use them in your business. You should also talk to others involved in your business (including your employees and your customers) to work out the best way to manage risk in your business.