Loss control Multidisciplinary approach in which human, engineering, and risk management practices are employed to reduce the

frequency or severity of losses. methods of limiting impact of loss of assetthe implementation of safety procedures to prevent or limit the impact of a complete or partial loss of an organization's physical assets. Loss control is based on safety audit and prevention techniques. It is concerned with reduction or elimination of losses caused by accidents and occupational ill health. The extent to which it is implemented is usually decided by calculating the total organizational asset cost and weighing this against the likelihood of failure and its worst possible effects on the organization. Loss control was developed in the 1960s as an approach to risk management.