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Improving loss control and strengthening prevention measures is crucial for public entities to maintain financial stability, protect assets, and ensure the safety of citizens and employees. Effective risk management strategies help reduce the frequency and severity of claims, lower insurance and reinsurance costs, and safeguard critical infrastructure, ultimately preserving public funds and minimizing disruptions to […]
Risk management and risk mitigation are crucial for public entities because they ensure the stability, effectiveness, and integrity of government operations, which directly impact public trust and the well-being of citizens. It is especially important now as inflationary effects have tightened budgets and put more focus on cost management. Continuity of public services is essential, […]