FormerHangie
En-Route
Really! Its the most safest flying you can do. Heck you are already under a parachute.
Paragliders do have some interesting failure modes. It is possible for the canopy to collapse. At altitude, for all but the highest performance gliders, the glider will right itself and you continue flying. Should this happen at treetop level while on final approach, well, you can guess the result.
Here's some information from veteran instructor Rob McKenzie: http://www.flytandem.com/biwing/hg2pg.htm