Risk management activities that are taken to reduce the frequency and severity of losses.
Prevention and reduction of losses. An insured, often in consultation with an underwriter or loss control specialist, takes measures to reduce the frequency of losses and to minimize the financial impact or severity of a loss.
Activities designed to minimize losses through the design and implementation of safety prevention programs.
The management of work-site factors at an insured company's business that can reduce claims and increase safety.
Actions to reduce the frequency or severity of losses. Installing locks, burglar or fire alarms and sprinkler systems are loss control techniques.
The steps and processes made by a risk to reduce, eliminate or control the frequency of loss from occurring and the severity of the loss once it has occurred.
Actions taken to reduce risk of loss.
Activities that reduce the severity of a loss that has occurred.
All methods of reducing the frequency and/or severity of losses including exposure avoidance, loss prevention, loss reduction, segregation of exposure units and non-insurance transfer of risk. A combination of risk control techniques with risk financing techniques forms the nucleus of a risk management program. The use of appropriate insurance, avoidance of risk, loss control, risk retention, self-insuring, and other techniques that minimize the risks of a business, individual, or organization.
A process of dealing with loss exposure that involves both loss prevention and loss reduction.
Any conscious action (or decision not to act) intended to reduce the frequency, severity, or unpredictability of accidental losses.
Any activities that reduce, prevent, or minimize the economic, morale or social losses from accidents.
A technique that is put in place to reduce the possibility that a loss will occur or reduce the severity of those that do occur.
Methods of reducing the frequency (number of claims) and/or severity (extent/cost of each claim) of losses, including exposure avoidance, and loss prevention/reduction systems and programs.
A system or program designed to minimize accidents and reduce financial losses.
Any actions intended to reduce the frequency or severity of losses.