The lockout/tagout corporate policy must be customized to meet the exacting needs of each company. It serves as a reference, detailing how & when to perform lockout, who is responsible for what aspects of the program, how the policy will be enforced, and what to do in the event of special circumstances. A good corporate policy should offer guidance on training new employees, creating procedures for new equipment, auditing schedule for procedures & employees, defining key terms and responsibilities and more.