When should a Loss and incident report be filed?

Question

I am putting together a SOP for my office and need to know all the reasons you should fill out a "Loss and Incident Report". Thanks so much!

Answer 1

Any time there is a loss or incident.

I was a supervisor in a truck terminal, and my rule was, "tell me." If minor, I just wrote the facts on a piece of paper and time-stamped it.

This way, we had something on file if anything became of it later.It is called cover your ***.

Answer 2

That doesn't sound like a US tax issue. More details please, such as what is an SOP?