Page 54 - RISK Management IC86 Ebook

Risk Management

n A company can help to control the fire situation by a pre-loss
action, which would very often involve separation of the fire
risk and control of the ignition sources by limiting the
availability of flammable materials and oxygen. The control
activity can be continued during the loss by use of fire
protection devices such as sprinklers and fire extinguishers.

n In the post-loss situation, measures can be available to salvage
materials, stock and property, which have been subject to
fire, and any contingency plan can also be implemented.

n The process of control involves the analysis of the loss
potential, the implementation of prevention methods and, very
importantly, training and motivation of staff to ensure.

n It is important to recognise that decisions affecting the
introduction of loss control are trade-off decisions. The
intention is to spend a specific amount of money now to reap
benefits later.

n Risk control work will often involve a risk factor analysis
which is similar to the work carried out in the evaluation process
but is extended to consider methods of risk control, including
changes in design, introduction of protection systems and

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