11d • 🧠 Risk Management Tips
Monday Risk Tip - LOTO doesn't just mean "shut down"
This week we're hitting on Lock Out/Tag Out, or LOTO. Do you have machine-specific lockout/tagout procedures for every piece of equipment with hazardous energy in your facility—or are you operating on "we just turn it off and hope"?
For some background, here are some of the average financial penalties for LOTO Violations:
👎$10,000–$15,000 per violation (OSHA can cite multiple violations per incident).
👎Serious injury LOTO accidents: $300,000–$500,000 in workers' comp claims
👎Willful or repeat violations: $150,000+ per violation
👎👎👎Impact on EMR: A catastrophic LOTO injury can raise your experience mod 40–60% for three years (which raises your workers comp premium by that many percent...)
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Monday Risk Tip - LOTO doesn't just mean "shut down"
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