The act of reducing severity by identifying the factors that aggravate or increase a loss and taking proactive measures to lessen the effects of those factors.Continue Reading

Improved safety studies and training programs; implementing new, less hazardous processes; programs/projects to reduce injuries and property loss; and/ or general safety enhancements.Continue Reading

Accidents can be prevented by these tips but are not limited to: Having competency people and a training framework in place Preventative and Corrective maintenance programs in place Adhere to internationally process safety guidelines (eg. OSHA) Encourage Safety communicationContinue Reading

Loss prevention in the oil & gas, energy, chemical and petrochemical industries concerns the identification and assessment of possible plant accidents and losses, including process safety issues, with the aim to ensure the required engineering and operational measures to prevent or mitigate loss.Continue Reading

Three simple steps for successful Risk Management include Risk Identification, Risk Assessment and Risk Planning.Continue Reading

Not all risks can be avoided. Notable in this category is the risk of death. But even where it can be avoided, it is often not desirable. By avoiding risk, you may be avoiding many pleasures of life or the potential profits that result from taking risks. A business cannot operate without taking some risks....Continue Reading

Risk control begins with a risk assessment to identify the presence and severity of workplace hazards. Employers must then implement the most effective controls available.   In order of effectiveness (from most effective to least), risk control methods include: Elimination: removing the risk entirely Substitution: swapping an item or work process for a safer one...Continue Reading

Common strategies for risk responses are avoided, transfer, mitigate, and accept.Continue Reading

Some risks can be eliminated but not all risks can be avoided.Continue Reading

You have loss prevention in your business if you have any actions taken to reduce the number of hazards and mitigate risk in your organisation.Continue Reading