Page 16 - Petrosphere - Loss Control Management (LCM) Training Manual V 1.0

15 Module 1: History and Philosophy of Loss Control Loss Control Management (LCM)

Purpose:

- To protect every working man against the dangers of injury, sickness or death through safe and
healthful working conditions.

Scope:

- Shall apply to all places of employment except land, sea, and air transportation and safety.

Philippine Occupational Safety and Health Standards Rules

1000 General Provisions 1160 Boiler

1010 Other Safety Rules 1170 Unfired Pressure Vessels

1020 Registration 1180 Internal Combustion Engine*

1030 Training & Accreditation 1200 Machine Guarding
1040 Health & Safety Committee 1210 Electrical Safety

1050 Notification & Keeping of Occupational 1220 Elevators & Related Equipment
Illnesses & Injuries

1060 Premises of Establishments 1230 Identification of Piping System

1070 Environmental Control 1240 Power Piping Lines

1080 Personal Protective Equipment 1410 Construction Safety

1090 Hazardous Materials 1420 Logging
1100 Gas & Electric Welding & Cutting 1940 Fire Protection & Control
Operations

1120 Hazardous Work Processes 1950 Pesticides & Fertilizers

1140 Explosives 1970 Fees

1150 Materials Handling & Storage 1980 Authority of LG

1990 Final Provisions 1960 OH Services

Loss Control
Loss control is any intentional management action directed at the prevention, reduction, or
elimination of the Pure Risks of businesses. Two primary types of risks:

1. Speculative Risk – it is the uncertainty as to whether an activity will result in a gain or a loss.
Speculative risks, such as building a plant that turns out to have the wrong capacity or keeping an
inventory level that turns out to be too high or too low, are speculative risks.
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