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In: Accounting

Due to Covid-19, a business owned by Mr. Nathan is currently facing cash flow problems due...

Due to Covid-19, a business owned by Mr. Nathan is currently facing cash flow problems due to poor sales and the ongoing obligations to pay salaries. Furthermore, due to the extreme weather conditions, one of the business's warehouse was inundated with floodwater causing thousands of ringgit of losses to the inventory. As Nathan's insurance advisor, the student is required to advise on the risk management steps to mitigate the risk of ill health and accidents among the company's employees during this crucial period.

(a) Apart from SOCSO, what are other risk management initiatives that can be taken by the company to mitigate the risk of accidents and ill among its employees (answers could include doing a systematic analysis of the firm's employee insurance needs and taking up group medical insurance, group personal accident insurance etc.).

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ekkarill92 answered 2 years ago
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