Services | Loss Control

(973) 746-5993 | Contact Us

Loss Control

Effective accident prevention, loss avoidance and other pre-loss control activity starts with the identification and classification of the events, causes, hazards, perils and exposures that can result in insurance losses. We have the risk identification skills and experience to help you implement best in class risk control techniques.

An essential difference between insurance risk management and financial risk management is that insurance risks result in financial losses. Unlike gambling, there can be no "winnings" or financial gains to offset losses. Our practice focuses on insurance risk management.

If you are an insurance consumer, our services can save you money on insurance claims, the avoidance of premium rate increases and possible insurance policy cancellations. If you are an executive of a group insurance program or an insurance company, our service can help you reduce your claim costs, decline uacceptable risks and extend a valuable service to your insureds.

Our loss control services can either be delivered though our Alliance Partners, ZERO Accidents and LPMC Group, or staffed by our Senior Associates.

Loss Control Services We Provide:

  • Site inspections to assure compliance with underwriting class guidelines.
  • Operations reviews to identify property/casualty insurance risk exposures.
  • Analysis of claim reports and insurance loss runs to measure frequency and severities.
  • Workers compensation safety audits.
  • Automobile fleet safety program assessments.
  • Formulation and implementation of loss control programs.

Deliverables:

  • We can either utilize your site inspection survey procedures and reporting forms, or
  • Design loss control survey procedures and reporting formats tailored to your requirements.
  • We typically provide photographs, building and site diagrams and measurements and "COPE" information (construction, occupancy, protection and exposure.)
  • We also can conduct loss control consultations with your insureds and
  • Prepare a loss control study providing that provides organizations the essentials to implement best in class risk control programs.

 

Examples of Recent Loss Control Survey Work

Example #1 » We are conducting loss control surveys for an Insurance Program covering recycling and garbage collection businesses.

Example #2 » We are conducting automobile fleet safety surveys for an insurer of bus and limousine companies.

Example #3 » We are performing building inspections for an insurer of residential and hotel properties.