Holicent
VIP Contributor
I thread You may have heard that the best way to deal with a problem is to anticipate it. This is true in many cases, but it's not always possible. In some cases, you can avoid or at least mitigate a business hazard. Here are some common business hazards and how to address them:
Employee theft. Employee theft is a big issue for small businesses. Theft by employees can be as simple as an employee taking office supplies home or as complex as an employee embezzling money from the company's accounts. To prevent employee theft, you need to establish policies that eliminate opportunities for theft and make it clear that stealing from your company is unacceptable behavior.
Product liability lawsuits. Product liability lawsuits come in many forms, including medical malpractice cases and product recalls due to safety concerns. Product liability can be costly for small businesses because they aren't always able to afford insurance policies that cover these types of suits against them. To protect yourself against this type of lawsuit, you should adopt policies that minimize risk factors such as ensuring products are safe before they leave your warehouse and making sure all employees follow proper safety procedures when using products supplied by your company.
Employee theft. Employee theft is a big issue for small businesses. Theft by employees can be as simple as an employee taking office supplies home or as complex as an employee embezzling money from the company's accounts. To prevent employee theft, you need to establish policies that eliminate opportunities for theft and make it clear that stealing from your company is unacceptable behavior.
Product liability lawsuits. Product liability lawsuits come in many forms, including medical malpractice cases and product recalls due to safety concerns. Product liability can be costly for small businesses because they aren't always able to afford insurance policies that cover these types of suits against them. To protect yourself against this type of lawsuit, you should adopt policies that minimize risk factors such as ensuring products are safe before they leave your warehouse and making sure all employees follow proper safety procedures when using products supplied by your company.