If the likelihood is high and the impact is high, what will the level of risk be?

When assessing risk, both likelihood and impact are crucial components. If the likelihood of a potential hazard occurring is high, coupled with a high impact on individuals, the overall risk level is categorized as high. This means that not only is there a strong probability that the hazard will manifest, but if it does, the consequences will also be severe. High risk situations demand immediate attention and robust mitigation strategies to prevent potential negative outcomes, which emphasizes the need for appropriate safety protocols and measures in place to manage such risks effectively.