Planning Process Through Safety Analysis and Accident Prevention to Reduce Losses in the Course of Asset Protection

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“Planning Process through Safety Analysis and Accident Prevention to reduce losses in the course of Asset Protection”

Whenever we are relating to the issue of Safety Analysis and Accident Prevention in Trinidad and Tobago, we must communicate with OSHA. Occupational Safety and Health in Trinidad and Tobago has been administered since 1948 thru the Factories Ordinance 1948 and was amended in 1952. In 1973, Trinidad and Tobago examined a number of drafts to be amended and reviewed the health and safety law. In 2004, the Occupational Safety and Health Act was assented to, and on February 17, 2006 OSHA came into effect, it covers all aspects of work undertaken in an industrial establishment; however, it excludes coverage to residential premises, it also retracted numerously outdated legislation for instance the employment of women but, more in particularly the Factories Ordinance.
Asset protection can be defined as the concept of strategies to be used for guarding one's wealth. It is a type of planning intended to protect one's assets, (www.investopedia.com/terms/a/asset-protection). In the 18th century employers didn’t realize the value of providing safe environments for their employers until World War 1&2, where the connection between quality and safety was discovered. Labour shortages resulted from the war, due to the number of people leaving to go fight for their country as some would say ‘performing their patriotic duty.’ As a result, employers could not afford to lose workers to accidents for whatever reason because it would decrease productivity and demands were high at that time and few workers; therefore, work place safety took precedence in the industrial sector due to the World War 1&2, and as a result all negligent employers who fail to adhere to the laws of OSHA in that which the protecting of their employees would suffer the consequences..…...

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