What is Risk Management?

Businesses can face serious repercussions no matter how small an accident or incident is. Risk Management is the process of implementing decisions that will minimize accidental business loss.  It allows a business owner to reduce the likelihood of an accident happening and can allow that business owner to operate their business for a longer, more profitable period of time. 
The process of Risk Management includes:
-Identifying and analyzing exposure to risk.
-Evaluating potential hazards which may pose a threat to health and/or safety of people and property that come into contact with a given activity or location. 
-Planning ways to minimize those threats to the public and property.
-Implementing the most appropriate Risk Management technique and being prepared to deal with emergencies if they do occur”
-Doors, Gates, and Locks: Your locks should be inspected on a frequent basis to ensure that they are in proper working condition and to verify that there is no sign of tampering. 
-Keys: Pre-establish a system that designates those who will need a key to your business
-Security Systems: It is advised to have a security system that has sensors on the doors as well as the windows. Make sure you are getting sensors for each possible access point and for motion detection. 
-Cameras: When possible, cameras should be set up on all angles of the business.
-Windows: To help deter security problems around first floor windows, make sure windows are secure with bars or gates.
-Lights: Make sure that proper and adequate lighting is provided in the access areas of the business.
-Visible Items: Take on perspective of a potential intruder. Look for items that are visible in the day and night that are of high value and come up with a plan to remove them from visible site when business closes. 
-Inventory: Inventory-reporting procedures should be used on a frequent basis to check on how product flow is accurately being reported.”