Question: If a business is considering implementing a loss control measure against shoplifting and the cost is $ 5 2 , 5 0 0 but they

If a business is considering implementing a loss control measure against shoplifting and the cost is $52,500 but they will reduce claims by $25,143 and vandalism by $24,232 and save $5,176 in premiums and their deductible will go up by $2000, they expect to have about 10 claims a year they should
Group of answer choices
Continue with their current program and not implement the loss control program
Develop other risk techniques like avoidance not in the above loss control area to find savings
Implement the new loss control program due to potential premium savings
Involve the Enterprise Risk Manager to use another holistic approach
None of the above

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