The process of risk management includes the practice of identifying and analyzing your exposure to loss, and taking steps to minimize these exposures to levels acceptable to your company. Many times this involves methods or procedures not necessarily related to direct insurance coverages. Basic risk management procedures can involve techniques used to control losses (i.e. loss reduction, loss prevention or exposure avoidance), and risk financing techniques involving transfer of risk or retention of risk by your organization.

Burglary Loss Prevention
Cash Register Theft Prevention
Computer Security
Credit Card Transactions
Employee Fidelity Protection
Equipment Theft Reduction
Inventory Theft Reduction
Nightime Surveillance
Perimeter Security
Robbery Loss Reduction
Security Review

Burglary Loss Prevention
To reduce burglary loss, an alarm system and/or guard services should be considered to protect all building areas and openings in your operations. Back to top

Cash Register Theft Prevention
All cash registers should be routinely closed out and reconciled to register tapes. Keys for the registers should be controlled and limited only to appropriate individuals. Back to top

Computer Security
EDP equipment is subject to three unique exposures: obsolescence, environmental loss, and loss by theft of data. Each of these should be reviewed to determine its impact on your organization, and appropriate risk management techniques implemented to protect against them. Back to top

Credit Card Transactions
To reduce forgery exposure, credit card company listings of stolen or expired cards should be checked before completion of any credit card transactions. Back to top

Employee Fidelity Protection
Appropriate individuals should be adequately screened, before hiring for any sensitive positions involving handling of money and valuable property. Screening should include communications with all previous employers and references. Back to top

Equipment Theft Reduction
All equipment should be permanently marked to identify it in case of theft. Each identification number should be kept on file for police in case of loss. Back to top

Inventory Theft Reduction
To reduce employee theft, an inventory control system should be established to account for sales of merchandise or materials drawn from supply or tool areas. Back to top

Nightime Surveillance
To reduce exposure to burglary and theft, a procedure of routine nighttime surveillance of property should be carried out. Back to top

Perimeter Security
All outdoor storage areas should be fenced, locked and equipped with adequate lighting during non-business hours. Additional care should be taken to secure all driveways and entrances for these areas to prevent unauthorized removal of equipment or materials. Back to top

Robbery Loss Reduction
The amount of cash kept on your premises should be limited to minimal amounts with regular and frequent bank deposits. Back to top

Security Review
To reduce burglary and robbery exposures, inspections should be provided by qualified individuals or your local police department to review physical and procedural securities used in your operations. Back to top