A measure that reduces the probability of a particular loss.
Refers to engineering or inspection activities carried out to prevent losses in the workplace.
Any effort to avert a loss before it occurs. Removing oily rags from a manufacturing premises may prevent the start of a fire.
Loss control, inspection and safety engineering work that is performed by an account in an attempt to prevent losses from occurring. Loss prevention work applies to property, liability, automobile, workers compensation, and most other P&C insurance. It is also known as safety engineering or accident prevention.
Any measure that reduces the probability or frequency of a particular loss but does not eliminate completely all possibility of that loss
Steps taken by insurers, by way of advice, research and the provision of information or the imposition of terms on an insurance, to prevent losses.
activities undertaken to prevent losses from occurring.
A measure which reduces the probability of a particular loss but does not eliminate completely all possibility of that loss
Loss prevention is a form of private investigation into larceny/theft. The focus of such investigations generally includes shoplifting, embezzlement, credit fraud, and check fraud. Loss prevention or "LP" is a term used to describe a number of methods used to reduce the amount of all losses and shrinkage often related to retail trade.