By: Michael R Caswell
Many business owners believe their business is secure form anything because they have insurance. Unfortunately, although insurance is a necessary evil you are still vulnerable to loss within your business.
A wise business man once said to me “Loss Prevention is like insurance, something you don’t want to pay for but have to have.” What was meant by his words? Insurance is required in the event you sustain a loss to the business; however, Loss Prevention can prevent that loss.
How losses occur.
All losses can be attributed to the four listed above. Many business owners understand how to run their business but don’t understand all the ways it can lose money which ultimately effects its bottom line.
How will your company lose money this year?
Take our brief assessment and see where you are exposed to lose money.