The document discusses risk control methods, emphasizing material and workplace risk control, which includes identifying and managing various risks such as human, security, technological, and job-related stress. It outlines a step-by-step risk control plan that involves communication, responsibility allocation, hazard identification, risk assessment, control, and ongoing review. Additionally, it addresses risk financing options, including internal and external funding sources, and the concept of captive insurance for managing organizational risks.

1. RISK CONTROL
▫ 2 TYPES:
I. MATERIAL RISK CONTROL
II. WORKPLACE RISK CONTROL
By
Muhammad Ahmad Badar

2. .
MATERIAL RISK CONTROL:
 IMPORTANT ASSETS
I. HUMAN ASSETS
II. PHYSICAL ASSETS (including
money)
III. INTELLECTUAL ASSETS

3. MATERIAL RISK CONTROL
. Fire and other natural peril exposures
i. Fixed location
ii. Transport
 Security exposure
▫ Security threat:
i. Human
ii. Natural disasters

4. Theft:
The act of stealing; the wrongful taking
Malicious Damaged:
Damage with intent to destroy property.
Terrorism:
Destruction of people or property by
people.
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5. Not all destruction is Terrorism:
Destruction Caused due to injustice.
Aimed directly or Indirectly to established a government.
To redress a real.
Technological Exposure:
IT security exposures are worthy of a mentioned at this point.
Thief are using technology as to achieve the aim.
Risk manager is to consider risks related to technology.
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6. Work Place Risk Control:
For most dreaded tasks faced by the risk manager.
It’s a long and Complex process
Risk to employees and visitors:
Includes; Slips, working high up, high noise levels
and explosion.
Job Stress:
Harmful responses when requirement of the job do
not match.
Lead in considerable pressure and Stress.
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7. Factors leading to work stress:
Heavy work load.
Job Insecurity.
Effects of work stress:
Stress can increase your risk for heart disease.
Psychological Disorders.
Other Health problem.
Penalties:
Consequence or disadvantage attached to any
condition.
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8. Job Discriminations:
Unequal treatment on the basis of race and
gender.
Unequal Pay:
Discrimination take place due to unequal pay of
two persons.
Wrongful Termination:
Firing related to protected status.
Retaliation and Harassment:
Harasses or retaliates against an employee, and
discriminates.
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9. Recruitment and Hiring:
excluding the qualified workers through hiring discrimination.
Workplace Facilities:
Certain employees are not allowed to use certain facility.
Risk Control Plan:
Help to meet legal obligations to identify hazards and control.
Regulations of assessing hazard:
Manual Handling
Asbestos (heat-resistant material)
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10. Risk Control Plan
&
Risk Financing▫ .

11. Risk Control Plan:
A Risk Control Plan is a plan that sets out how ALL of the risks in the workplace will be
controlled. A Risk Control Plan will help you meet your legal obligations to identify
hazards, assess risks and control risks.
This is how you prepare a Risk Control Process:
This step by step process should involve people who have the skills to do the work.
Step 1: Establish Effective Communication
-Consult workers through HSRs
-If necessary, HSRs should be elected and an OHS committee set up.
Step 2: Allocate Responsibilities
- Identify who will be responsible for management and coordination.
- Involve HSRs
Step 3: Decide on working arrangements
- Plan how the work will be done and how long each step will take
- Document this in a work plan.
- Make sure resources are available

12. Step 4: Identify Hazards
- Write down the findings in the Risk Control Plan
Step 5: Assess risks
Assess risks so that you can make sure you control them effectively
Step 6: Control Risks
- Decide on risk controls and record them in your Risk Control Plan
- Set out when they should be in place
Step 7: Review Progress and Maintain Risk Control Plan
- Check that each risk control is being put in place according to the
agreed timetable
- If there are delays, work out why and do something about it
- Set up ongoing processes to maintain the plan.

13. Risk financing deductible options
▫ Setting and appropriate deductible level
▫ Analysis the past loss records (preferably for 5 years or more)
by applying the proposed deductible in retrospect to see a
“what if” situation.
▫ factor in incentives for lose control activities, especially if
deductibles are charged to operating or service departments.
▫ Consider the cost of risk management administration such as
handling claims. Cost and availability of out sourced services
may be relevant.
▫ Is the deductible to be funded or un founded
▫ Considered the effect of “aggregate ‘losses even if the single
ancident deemed within capacity of business the effect of
multiple losses must be considered.

14. What is Risk Financing?
-Money consumed in losses, funded either from internal reserves or from purchase of insurance.
-Utilization of source(s) of funds to pay for losses. Source(s) of funds can be classified as internal
or external
Internal Risk Financing
A retention program is established to use funds from with the organization to pay for losses
External Risk Financing
A transfer program (generally through the purchase of insurance) is established to use funds
from without the organization to pay for losses.
Usually, a risk management program combines retention and transfer to form a comprehensive
program for loss protection.

15. Risk financing
captives:
▫ In its most basic form ,a “captive "insurance company is a limited
purpose, wholly owned insurance subsidiary of an organization not
in the insurance business. Its function is to insure some aspects of
the risk faced by its parent organization.
▫ Types of captive
1. Single parent captive
2. Association captive
3. Group captive
4. Agency captive
5. Rent-a-captive
6. Protected-cell captive
7. Rick Financing Through Risk Sharing

16. ▫ THANK YOU
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