Our Risk management process is about identifying, assessing and controlling threats to an organization’s capital and earnings. These threats, or risks, could stem from a wide variety of sources, including Security situation, political uncertainty, Safety issues, strategic management errors, accidents and natural disasters.
Loss Prevention is the concept of establishing policies, procedures and business practice to prevent the loss stemming out of security, safety issues. Developing a program around this concept will help you to reduce the opportunities that these losses can occur and more specifically, work to prevent the loss rather than solely be reactive to them after they occur.