Loss Control to Major Tom . . .
In Part 1 we reviewed inherent risk and the duty of a business to engage in reasonable diligence or due diligence in the conduct of daily operations. Not all risks are apparent. Every business faces risks that can be hidden. Reasonable diligence is about the management of risks. In business one effective tool to manage risk is a Loss Control Plan.
A good Loss Control Plan goes beyond a simple checklist. Some key elements would include:
Safety Policy — sets the expectation that it is the responsibility of all personnel to create and maintain a safe work environment. The Safety Policy should include a Safety Policy Statement:
The next part of the Loss Control Plan should detail everyone’s (Management, Supervisor’s and Employees’) responsibilities in meeting these goals. Additional topics should include:
• New Employee Orientation
• Safety Meetings
• Incident Reporting, Investigation & Analysis
• Standards & Procedures
• General Safety Information
Depending on the type of operations the following areas of concern may need to be covered:
• Hazard Communication Program
• Safety Data Sheets (SDS)
• Lockout/Tagout Program
• Hearing Conservation
• Confined Space
Start With a Template
There are many templates (models or examples) available from sources as your insurance company and/or industry associations that can help in putting together a Loss Control Plan and all of its associated components.
Other Loss Control Planning tips:
Get inputs from staff, especially line staff. They know the risks.
Review your Loss Control Plan, especially in times of change.
Contact your insurance company for assistance. Many insurance companies have a loss control department. (It may be known as risk management, risk engineering, or a number of other names.) Usually there are no charge or fees for this help.
Thank you for reading this.