Prevent and limit losses

Put practical protections in place to prevent avoidable problems and reduce the damage when something goes wrong. Depending on the risk, this may include safer working methods, employee training, equipment maintenance, secure systems, payment checks, or clearer procedures.

Make sure required protections are in place and that employees understand how to use them. Use suitable insurance or agreements to address specified financial losses or responsibilities.

Understand what is covered, any important limits, and what the business would still have to absorb. Choose protections that address meaningful risks, considering both their cost and the consequences they could help prevent or cover.