Question

Bonnie is the owner of Doggie Daycare, a pet-sitting service. Pet owners bring their dogs to Bonnie’s facility, where they are either given private accommodations or are put in a large pen with other dogs. (Private accommodations are available, but are more expensive.) Bonnie and her employees feed the dogs twice a day; those dogs in private accommodations are also given two exercise periods per day. Owners pay half the daily fee at the start of the day, and the other half when they pick up the dog at the end of the day; owners must also certify that their dogs have had all required vaccinations. As Bonnie’s company is a daycare service, no dogs stay the night in her facility. Bonnie accepts cash, checks and major credit cards in payment. List and discuss three to five risk exposures Bonnie’s company faces. Your answers need to be specific to risks present in Bonnie's business and not general risks found in the textbook. Identify the risk and offer suggestions for ways Bonnie could reduce or eliminate the risk.

Answer 1

The risk exposures present in Bonnie's business are mentioned below:

- The dogs are handled by Bonnies employees. If the dogs are not appropriately vaccinated as certified by the owner, the health of Bonnies employees is at risk.

- The owners may not come to pick up their dogs at the end of the day leaving Bonnie in charge of caring for the dogs at night.

- The payment is on a daily basis. Thus, if the check does not clear Bonnie shall not receive the payemnt.

The ways to reduce the risk is mentioned below:

- A local doctor can be employed to check whether the dogs are appropriately vaccinated. Further, health insurance should be available for all employees.

- A sign should be put up saying the dogs will be handed to animal care if not picked up at the end of the day.

- The entire amount in cash should be made compulsory while leaving the dogs at the day care centre.