Definition - What does Loss Control mean?
Loss control refers to an administrative strategy to limit or prevent loss characterized by accidents and injuries, low customer base, and defective products. Perceived hazards and risk factors contribute to the general health and safety of a workforce in keeping with job standards of mass productivity. In accomplishing this goal, many businesses will develop, implement, and maintain a loss control program tailored for distinct lines of work to facilitate business while promoting hazard and risk management.
SureHire explains Loss Control
Employers establish loss control measures that often reflect environmental conditions, job description functions, and current protocol to perform duties and tasks. Hazard assessment and risk evaluation is a crucial element in determining if operational methods in tandem with a loss control plan are beneficial. The Occupational Health and Safety Administration (OSHA) sets the precedence in advocating workplace safety programs that underscore regulatory action against unsafe circumstances where liabilities are an important issue.
Management carries a responsibility of establishing loss control standards for employees to adhere to in minimizing or preventing workplace hazards and risks. An effective course of action covers documenting accidents and injuries, delegating safety committees to oversee work sites, and completing job analysis reports in line with OSHA-based statutes. Conducting routine evaluations of health and safety procedure ensures that employees demonstrate safe work habits in the event of an audit or inspection.
Hazard and risk control measures can include designating areas for authorized employees, limiting noise decibel exposure, and following proper sanitation methods. Loss control prevention is a mutual approach between management and employees to uphold a health and safety policy that avoids work-related accidents and injuries often caused by erroneous human actions. Continual education, regular training, and consistent reviews of workplace hazards and risks are conducive to loss control prevention.
