Loss, damage, and destruction (LDD) reports are meant to address what types of incidents?

Loss, damage, and destruction (LDD) reports are specifically designed to address incidents that must be legally reported due to their significance in terms of liability, safety, and compliance with laws and regulations. These reports often arise in contexts where there is an obligation to account for losses or damages that impact not only the individual property but potentially the larger community or stakeholders involved.

For example, in a property management scenario, if a significant piece of equipment fails and causes damage, an LDD report would document the incident to ensure it is handled according to regulatory requirements and internal policies. This process helps in risk management, legal compliance, and maintaining accurate records which are vital for insurance claims, legal accountability, and operational transparency. Thus, LDD reports serve an essential function in ensuring that all necessary parties are informed about incidents that could have far-reaching repercussions, leading to informed decision-making and accountability.