Page 52 - RISK Management IC86 Ebook
P. 52
Risk Management
walls, automatic fire doors, curtain boards and the
contingency plan.
B) Proactive
l i.e. the measure involves taking steps to limit the loss or
maximise the recovery e.g. sprinklers, burglar alarms and
salvage operations.
The measures can also be classified in terms of:
(a) reducing the probability of loss such as fitting safety
guards to machines and removing possible sources of
ignition.
(b) reducing the severity of loss such as sprinklers, storage
of goods susceptible to water damage above the ground
floor level and providing first aid facilities;
(c) reducing both the probability and the severity of loss such
as education and training of management and employees
and the use of fire resistant building materials.
Education and Training
n The failure of an individual or group to respond in the correct
way to a loss situation may contribute to the size of the ensuing
loss. Consequently, education and training have a major role
to play in loss reduction programmes and should cover
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