Risk Management Purpose and Objectives

The purpose of Risk Management is to preserve human and material resources through the prevention of damage or injury. The program enhances the capability of a company to deliver quality products and service by preserving the resources used in accomplishing its mission. We recognize that human resources include professional pride, public trust, high morale, physical well-being, and life itself, all of which are susceptible to mishaps.
The material resources include all types of property, which can be damaged, belonging to either your company or others.

The purpose of a Safety Management and Risk Reduction Program is accomplished by the prevention of damage and injury. Potential causes of damage and injury are termed
hazards. Our objective is to eliminate hazards.

The program encompasses all activities, which may detect, contain or eliminate hazards in your operations. These activities include, but are not limited to:

a. Equipment design, research, development, test, evaluation, purchasing, modification, maintenance, servicing, dispatching, and operations.
b. Personnel selection, training, education, clothing, and equipment.
c. Policies, procedures, instructions, directives, and publications.

The Risk Management program is based on inevitability, (the concept that events are inevitably determined by preceding causes). Events may be prevented by elimination of their causes. The causes of damage and injury are defined as hazards. The objective of this
program is, therefore, to eliminate causes of damage and injury: to eliminate hazards.

In simple terms:
1. Events have a cause.
2. Causes of damage and injury are defined as hazards.
3. This program eliminates hazards.

Loss control involves the development of programs to deal with a variety of loss situations. The most important reason for your company to become involved in loss control is that it will improve the quality of the service you provide. Losses cost the company resources in time, money, personnel, and equipment.

To effectively utilize all resources available to us to maximize safety and minimize loss. To accomplish this, these following objectives have been established:
The Safety Manager (or member of management accountable for safety) will be able to:
1. Trace the cause of accidents/mishaps using the Domino Theory and the Accident Cause Model.
2. Trace defects in the system.
3. Develop strategies of prevention.
4. Use the Five-Step Accident Prevention Process.
5. Conduct a complete risk assessment.
6. Explain the legal environment as it pertains to your industry.
7. Conduct accident investigations.
8. Maintain safety management files.
9. Supervise the driver training efforts of the Company.
10. Administer the employee assessment instrument.

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