Page 238 - RISK Management IC 86

Risk Management

estimates suspicious, they usually provide practical and
useful guidelines.

Q8. Write a comprehensive note on Mutual Aid
Scheme.

Ans. Mutual Aid Scheme - It is a scheme of giving and
receiving aid in times of emergency. An emergency is
an unexpected situation of a severity too great for an
industrial unit and it requires immediate assistance from
outside. The management aims to ensure that
(i) the provision of built in safety features.
(ii) enforcement of a well conceived and well formulated
operations, safety rules and regulations.
(iii) provision of optimum facilities for fire prevention
and fire fighting.
(iv) development of an adequately trained workforce.

Though it is physically and economically impossible to
eliminate all probable hazards, most major industries can
tackle minor to moderate emergencies. Problem occurs
in case of major disasters. To tackle such hazards,
disaster planning is necessary. Mutual Aid Scheme is
required.

Sashi Publications - www.sashipublications.com 239

Copyright@ The Insurance Times. 09883398055 / 09883380339