2014
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LOSS EXPOSURES AND RISK MANAGEMENT

As you can see, a business may face several types of risks and exposures. Once exposures have been identified and analyzed, and employee benefits have been reviewed, you must decide upon the risk management measures that will best protect your business. The next two steps in this process are similar to those we face in managing our personal finances.

  • Loss control -- What can be done to prevent or limit exposure?
  • Guaranteeing availability of funds -- What techniques can be used to ensure that funds will be available for unavoidable losses?

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This article is reprinted by permission of the SBA and The Travelers, Hartford, Connecticut.
For more information on SBA programs go to www.sba.gov




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