Page 130 - RISK Management IC 86

Risk Management

may be given responsibility for safety and
security.

(d) Personnel - Since it is the responsibility of personnel
department to look after the welfare of their
employees, they are involved in programs to reduce
industrial accidents.

(e) Legal - They are involved in the preparation and the
vetting of sales and purchasing contracts, leasing of
plants and buildings, dealing with claims and
dissatisfied customers, the risk manager needs their
assistance in on all legal matters.

Q4. Write short notes on:

(a) Contingency Planning - If management of a company
is aware of the risks, it often leads to a preparation of a
contingency plan for coping with actual or probable
losses.

Such plans should include both plans for salvaging
operations (including both minimization of injury and
property damage) and plans for continuing business,
even after the loss.

So there should be number of people trained to handle

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