NBFAA recently distributed this release to trade and national media, and it will also be available online at www.alarm.org. For more information contact NBFAA Communications at communications@alarm.org.

Nine Questions to Ask to Limit
Financial Losses in an Emergency
Security America Offers Business Tips for a Basic Loss Control Program

Irving, Texas, Feb. 11, 2008 – Every business, whether there are hundreds of employees at multiple locations, or a 3-person operation, should put in place a basic loss control program to minimize financial losses in the event of an emergency. Security America Risk Retention Group, the insurance company owned by the National Burglar & Fire Alarm Association (NBFAA) and participating members of NBFAA, suggests nine questions that every business should ask to limit financial losses in an emergency.

There are four categories that companies should address in a basic loss control program. These include:

• Accident Investigation and Claims Management
• Personal Protection
• Training/Meetings
• Emergency Response

Within each category are questions that business owners and executives should ask in order to limit their exposure in the event of accidents, natural disasters, and other incidents. By asking – and then answering – these questions with action steps, businesses can help encourage a more positive outcome when events occur that might result in loss of life or property.

Accident investigation and Claims Management
1. Are all accidents reported and investigated (using written procedures) to determine facts and to identify causes for injury and property damage?
2. Is there a central file for all accident investigation reports, for all formal plant
inspection reports and for corrective actions completed?

Personal Protection
3. Has a hazard assessment been completed to determine the need for personal protective equipment?

Training/Meetings
4. Is accident prevention and employee safety included as a major subject during new employee orientation?
5. Has hazard communication, hearing conservation, confined space entry and other training, where required, been provided on schedule?
6. Are planned employee/management safety committee meetings held on a regular schedule?

Emergency Response
7. Does your company have a first aid facility with a daily inventory of equipment and supplies?
8. Have supervisors been trained in basic first aid?
9. Are telephone numbers posted and are there written procedures for handling serious cases (ambulance, hospitals, doctors,etc)?

These four areas of loss control, if properly implemented and maintained, can have a measurable positive financial impact on organization according to the insurance experts at Security America.

About NBFAA

NBFAA, a non-profit 501(c) 6 trade association, is the nation's oldest and largest organization dedicated to representing, promoting, and supporting the electronic life safety, security, and systems industry. Member companies specialize in a wide spectrum of services to commercial and residential consumers, including security and fire alarms, video surveillance, access control and monitoring. In cooperation with a federation of state associations, NBFAA provides government advocacy and delivers timely information, professional development tools, products and services that members use to grow and prosper their businesses. The NBFAA may be reached at (888) 447-1689 or on the Web at www.alarm.org. 

About Security America

Security America RRG, the insurance company owned by the NBFAA and its members, assists its insureds with loss control, claims management, contracts, and other insurance-related issues of importance to the alarm installation and monitoring industry.  For a quote, or additional information, please visit www.securityamericarrg.org or call (866) 315-3838 to speak with a representative.

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