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Friday, May 24, 2024




Each and every business, entity, or organization has suffered various types of losses and more importantly are the costs and hidden costs that impact bottom line profitability. With each loss comes a break in continuity, safety, quality, reliability in business operations and activities in the area, process, system where the loss has occurred. And regardless if the loss is an accident or incident involving injury, quality, 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 those costs through budget cuts, increased sales, etc...      

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