Terms and Concepts in the Safety Profession

Loss prevention describes a program designed to identify and correct potential accident problems before they result in financial loss or injury. Loss control, on the other hand, is a program designed to minimize incident-based financial losses. An example of the difference between loss prevention and loss control can be seen in the various activities associated with a fire protection and prevention program. 

Loss prevention and loss control techniques are important to the safety professional who attempts to recognize, evaluate, and control 

One of the most important terms used in the safety and health 

There are several different types of occupational health and safety losses safety professionals attempt to eliminate or control. Typical worker-related health and safety losses include injuries, illnesses, and fatalities. Workplace losses can include damaged equipment, damaged raw materials or finished products, damaged or destroyed facilities, downtime, service/production interruption, or loss of reputation. 

Risk can be defined as the measure of the probability and severity of a loss event taking place. A hazard is a workplace condition or worker action that can result in injury, illness, or other organizational loss. As revealed in these definitions, determining occupational risk 

---