Loss-control activities

(redirected from Loss Control)

Loss-control activities

Actions that an insured person or company takes at the instigation of an insurance company in order to prevent accidents or losses.

Loss-Control Activities

In insurance, actions taken by a policyholder at the behest of the insurance company to ensure that reasonable steps are taken to avoid a situation on which a claim might be made. For example, if a loss-of-income insurance policy covers a situation in which an employee's long-term injury results in a loss of production, the insurance company may require the policyholder to put in place appropriate safety measures to minimize claims. One does not conduct loss-control activities for policies that cover loss of income due to acts of God, such as tornados or hurricanes, but rather for policies covering primarily or exclusively foreseeable incidents.
References in periodicals archive ?
an industry-leading provider of loss control and risk management software solutions for insurers, is delighted to announce today that the UK and Ireland operations of Ecclesiastical Insurance has elected to partner with Risk Control Technologies to enhance its customer and underwriting risk management propositions.
Global Banking News-January 19, 2015--Higginbotham Insurance names senior Loss Control consultant
a provider of loss control survey software for insurers, announces integration of the RC Inspection solution with e2Value Insurance-to-Value valuation tools.
Workplace Safety and Health Expert Joins Senior Management Team at National Loss Control Services Company
One of the most effective ways for an agent to add value to the insured/carrier relationship is to leverage the expertise of an insurer's loss control department.
com)-- RCS Services, a national risk management and loss control firm specializing in higher risk and challenging classes of industry, continues its expansion in an effort to better serve its 1,000 plus customers nationwide.
NORTH BROOKFIELD - As part of its commitment to safety and controlling costs, the town has received a $5,000 loss control grant that will be used to purchase and equip a trailer for traffic control and work zone safety.
Wood was promoted to vice president, recovery services in 2005 and later assumed responsibility in the loss control department.
This guide to best practices for water audits and loss control programs, provided by the American Water Works Association, is designed for engineers and plant managers who need to maintain water supplies while meeting standards of water conservation.
Imagine how scary it must have been for Grace Crickette, the chief risk officer at the University of California after she had made the decision to launch her Be Smart About Safety program to approach senior management at the university and ask for money out of the already tight budget to fund a self-insured workers' compensation program supported by loss prevention and loss control programs.
There are many areas that must be properly handled, the most critical being underwriting, claims, loss control and accounting.
Amy Paxson joined the company as administrative coordinator, loss control and training.