Loss-control activities

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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 ?
* Superior claims, loss control and safety services
Utilant's Loss Control 360 Premium Audit functionality enables auditors to instantly capture relevant and accurate data regarding exposures.
Tenders are invited for Workers Compensation/Employers Liability Third Party Administration, and Loss Control Services.
CCG anticipates that the addition of RSI's loss control inspections into its core service offerings will further diversify its capabilities and solidify its place as a leader in the tech-enabled insurance services industry.
RSI, founded in 1971, provides loss control underwriting inspections and serves as a trusted service provider to many of the nation's top insurance carriers.
Fundamental Underwriters is a managing general underwriter, specialising in expert management and competitive pricing of harder-to-place risks, delivering individual underwriting solutions, consultative loss control programs and rapid claims resolution.
Steven Converse, CFPS is a senior loss control consultant with Frankenmuth Insurance Company based in Frankenmuth, Michigan.
They work closely with a loss control specialist and the insured to build a comprehensive workers' compensation risk management program.
The Water Loss Control Collaborative approved for state funding is a 23-month program with multiple sessions of technical review and assistance.
Water Audits and Loss Control Programs, 4th Edition
Kaufman Financial Group said it has acquired Technical Risk Services (TRS), a Toronto-based loss control services, inspections, and risk control consulting company.
Global Banking News-January 13, 2016--Higginbotham Insurance hires new executive for Loss Control