Loss Prevention and Control

Loss Prevention and Control is as the name states, identification and evaluation of risks before they become losses. It is necessary to carry out the ongoing role of risk identification and evaluation to protect and prevent personal injury and suffering before the damage or injury occurs.

Here are three stages of loss control:

• Risk assessment - This process involves one or more individuals routinely surveying work areas for potential hazards...
• Planning and prevention - This stage involves creating and implementing plans to eliminate hazards that were discovered during risk assessment...
• Record keeping.

We provide checklists of guidelines to the Clients to follow to reduce the risks of accidents or injuries that would result in an insurance claim. These checklists could be for fire safety, building security, employment practices, or slip-and-fall prevention etc..

One example of insurance loss control for homeowners insurance would be to take certain measures to reduce the risks that your home will be damaged or destroyed by fire or to increase your home’s safety and security. This may include installing:

• Smoke detectors
• Fire extinguishers and ladders
• Generators
• Monitored alarm systems

When it comes to car insurance, we instruct our clients to take a defensive driving course, install anti-theft devices in your vehicle, or park in a garage to reduce your risks. These would be considered insurance loss control measures.