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Wednesday, February 15, 2012

SO WHY CONTROL LOSS?

Each and every business, entity, or organization has sufferd various types of losses.With each loss comes a break in continunity in business operations and activities in the area where the loss has occurred. And regardless if the loss is an accident or incident involving injury, property damage, down time, time element loss, customer complaint, public liability, etc...there are various costs associated with each loss. Some losses are insured, but many are not. The uninsured costs of loss are like leaks in a ship, and if not controlled management must make up for thoes costs through budget cuts, increased sales, etc...      

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