The ultimate asset is the company itself and nowhere is it at greater risk than in the area of liability. Courts consistently hold businesses responsible for the security of employees, customers and the public. Injury or death as a result of inadequate security will most certainly result in a lawsuit and possible a judgment against the company. Insurance is often viewed as an alternative to loss prevention. That has never been a good argument, but today it's absurd.
Every business requires some type of loss prevention program.
The nature of the program will vary with individual needs but some conscious planning effort is always necessary. Loss prevention is a critical management function.