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Risk Management

"Risk managing is an established occupational specialty. Because its objectives (namely loss prevention and loss control) parallel the safety practitioner's, they often have been used as descriptives for safety practice.... The goal of risk managing is to transfer the risks at the least possible cost.... The risk manager's function, like the safety specialist's, requires an intimate knowledge of the company's entire operation. The risk manager normally has the responsibility for designing, purchasing and administrating the company's insurance policies." — Safety Management, John V. Grimaldi, Rollin H. Simonds, ASSE Pub.

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Copyright ©2000-2020 Geigle Safety Group, Inc. All rights reserved. Federal copyright prohibits unauthorized reproduction by any means without permission. Students may reproduce materials for personal study. Disclaimer: This material is for training purposes only to inform the reader of occupational safety and health best practices and general compliance requirement and is not a substitute for provisions of the OSH Act of 1970 or any governmental regulatory agency. CertiSafety is a division of Geigle Safety Group, Inc., and is not connected or affiliated with the U.S. Department of Labor (DOL), or the Occupational Safety and Health Administration (OSHA).