MLchartDataset catalogue

Loss control

Term · Insurance and risk management · MLC-T-INS-002063

The proactive measures and strategies implemented by an insured or insurer to prevent or reduce the frequency and severity of potential losses. This involves identifying hazards, assessing risks, and implementing safety programs, engineering controls, or procedural changes. Effective loss control can lead to lower insurance premiums and improved operational efficiency.

Table 1. Record
IdentifierMLC-T-INS-002063
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002063",
  "term": "Loss control",
  "field": "Insurance and risk management",
  "definition": "The proactive measures and strategies implemented by an insured or insurer to prevent or reduce the frequency and severity of potential losses. This involves identifying hazards, assessing risks, and implementing safety programs, engineering controls, or procedural changes. Effective loss control can lead to lower insurance premiums and improved operational efficiency.",
  "url": "https://mlchart.com/terminology/insurance/loss-control/"
}

Record 2,018 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.