Home » admission essay sample » Risk Management and Auto Dealer Car Lot Cleaning – Case Study

Risk Management and Auto Dealer Car Lot Cleaning – Case Study

Risk Management and Auto Dealer Car Lot Cleaning - Case Study

Every small business must worry about risk management, especially service companies. It hardly matters if you are running a landscaping company, a home inspection service, or even a mobile car wash business, there are always inherent hazards of the trade. It is imperative that you reduce these risks whenever you can. As long as we’re talking about the mobile car wash business, which is something I know intimately about, having been in that sector prior to retirement, let me give you a case study and example of how risk management changes the way you do business.

First, I’d like to explain that business insurance isn’t cheap in the service sector, and the insurance costs are based on your gross revenues and sales. As you make more money, and as you have more employees your revenue should go up, and so too will your insurance costs for general liability, because it is based on a percentage.

Realize you are dealing with pressure, sometimes heated water, and a slippery surface. The power of the gun can actually be used as a propulsion device, if you hold it at your belt line, stand on the ice, and pull the trigger. I know that sounds funny but it’s true, and I’m trying to make a point about the difficulty in holding your balance while cleaning the cars, and the potential for slip and fall accidents. Perhaps you can understand why risk management in mobile car washing is very real. Please consider all this.

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