This buyer’s safety assessment report consists of:
Before purchasing an interest in an organisation that operates as a place of work and before negotiating on the final price, the intending buyer should develop an appreciation on how the seller is managing their work health and safety responsibilities.
In particular, whether the seller has the required safe systems of work and whether will there need to be an injection of capital investment following the purchase, to meet work health and safety legislative obligations and to minimise the risk of incidents at the workplace.
This safety assessment report aims to fully advise an intending buyer on work health and safety compliance by conducting an assessment and due diligence. The buyer can then factor any work health and safety capital expenditure requirements into their considerations and negotiation of the purchase price.
Workplace safety is an important consideration for any business owner but, it is especially important for those who are buying a business. This is because the buyer will be inheriting the current workplace safety practices of the business, and they will be responsible for ensuring that these practices are up-to-date and compliant with all applicable WHS laws and regulations.
There are several things that a potential buyer can do to conduct workplace safety due diligence before buying a business. These include:
The results of the workplace safety due diligence should be used to assess the overall safety of the business. If the buyer finds that the business has a history of safety problems, they may need to take steps to improve the safety of the workplace before they buy the business. This could include implementing new safety procedures, training employees on safety, or investing in new safety equipment.
By conducting workplace safety due diligence before buying a business, the buyer can help to ensure that the business is safe for employees and customers. This can help to protect the business from liability, and it can also help to improve the morale and productivity of employees.
Note: Conducting this assessment may also result in a significant reduction in the purchase price.
If you can find a better buyer’s safety assessment report at a cheaper price, we will REFUND YOU double the cost of this report.