TO KNOW AND ASSESS THE POSSIBILITY OF LOSSES
Risk managers must not only organizing information retrieval but also organizing the information that has been retrieved it.
Find and assess the possibility of losses requires knowledge of facts related to the assets owned by the company (or family), earning the company (or family) and its activities. Some of the information sources that can help risk managers in search of facts is needed is balance sheet, profit and loss statement list or map the flow. Systematic study against each item on the balance sheet assets will help awaited possibilities of loss if it can put forward questions and the right answers about its location, cost of substitution, the value of the point the possibility of disaster and the danger that it will overwrite it, surveillance tools and losses were to protect it. Profit loss statement lists provide information about the operating activities of the company. Here can also be asked questions about the sources of income and expense items that will help reveal and measure the possibilities of losses that have not been retrieved with other means.
Another source of information is the map that shows the current flow of raw materials in the factory to the customer. This map shows where the raw materials were purchased, of processing in the factory, and all other operations such as transport, research, advertising, and storage.
Important information for risk analysis can also be developed from systematic physical inspections against the company's rooms include a study of all the contracts that were made though the company such as a lease, contract of sale, and the guarantee on products.
Now it is clear that risk managers will need the help of specialists-other specialists such as engineers, accountants, lawyers, and statisticians. In addition the risk manager requires the cooperation of the Chief Operating Officer and head of the Department to help him reveal the exceptional risk contained in these parts and their operations.
This risk analysis of information used for decision making. What kind of information is needed for this? because insurance is the most common method for handling pure risks, then the General Manager-risk managers compiled this information to generate the data required for determining the possible loss and expense level and develop efficient insurance program to deal with the possible loss of it.
Broadly it can be said that that information be compiled to facilitate analysis by type of loss, the amount of potential losses, the rate of losses, objects that can cause harm, and danger that can increase the chance of loss.
THE POSSIBILITY OF LOSS OF LIFE, HEALTH AND PROPERTY
The loss of income that potensil can be caused by a disability or the death of a key employee: (1) decrease in earnings (including e.g. the disability or death of the head of sales) or (2) the increased costs (such as when someone is a very efficient head of disabled or deceased). Substitute for this important officers may require extra fees for exercise and also loss of efficiency at least for a while. Firms may also be losing its key officials are tempted by the promise of larger salaries and allowances from other companies. Therefore, it is very important a good employee payroll plan to protect the life of the company.
For the head of the family loss that potensil includes: (1) the cost of burial and funds needed for some time after the death or disability of his head of the family, (2) estimates the cost of treatment is herself and members of her family, and (3) prediction of income needed for retirement.
The Possibility Of Losses Of Property
There are three kinds of property loss is the loss of property itself, its losses (including loss of revenue), and the extra costs arising due to the disaster that has occurred. The loss was not only likely to occur against the company's own property but also against the property of the customer or supplier. A great many kinds of disasters that can cause the loss of property that must be known and taken into consideration by the risk manager in the risk analysis.
Property losses may occur in the room or area of the company itself, may also occur outside the fascist like a tree or a wall of our company that hit buildings or equipment.
The loss of uses of property may occur if property was destroyed or damaged by something disastrous. It may seem with the decrease in earnings (in the case of property that is leased to other people for example), or the owner of the blocked enjoy the treasure.
A close connection with the loss of use of property is the extra cost of losses caused by a disaster. For example a newspaper company affected by fires often strive forward his efforts despite the addition of costs, because they feel if they are closed, the readers of newspapers they would switch to other newspapers. Therefore, no matter how much it costs them takes hold.
