Loss control definition

Loss control means the practice of designing systems and managing operational or administrative activities targeting loss prevention as an objective; this includes prevention of loss or damage to all types of assets, 10 business systems, facilities, infrastructure, information, persons and other property thereof against any type of potential or actual damage or loss
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Loss control means reduction of exposure to workers' compensation losses and control of significant preventable health and safety hazards to workers.
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Loss control. Acceptable inspections are required on all HO3 and DP3 new business. Inspection review must be completed within 60 days of policy inception date. • Ineligible Exposures: Risks under construction (builder’s risk/major alterations), as well as those risks specifically listed as ineligible in the Underwriting Manual. Other Terms & Conditions: • Minimum HO3 and DP3 Hurricane Deductibles: o Tier 1: 2% of Coverage A o Tier 2: 1% of Coverage A • All other Peril Deductibles: o HO3 and DP3 - $500 o HO6 - $250 • Rules, Coverage Options & Other Eligible Requirements: Applicable as shown in the Underwriting Manual. • Coverage Options: Various and as outlined in the Underwriting Manual. • Excess Flood: not available HFD 224573.6
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Examples of Loss control in a sentence

  • RMIS Additional Users (RMIS Standard License includes a set number of Full Access Users outlined under Administrative Services, and unlimited use of GB standard scheduled training classes) RMIS View-only User, $500 annually per user RMIS Full Access User, $1,000 annually per user Loss control $140 per hour OSHA Reporting $6,000, OSHA platform to produce compliant OSHA 301 Report, 300 and 300a Logs, and electronic data file.

  • Loss control representative(s) may be nominated by the Terminal Party and/or the Vessel Party to witness the quantity and/or quality inspection; however, the party must provide advance written notice to the Terminal and the other party hereto prior to the Vessel’s arrival stating the representative’s name, company affiliation, the party it is representing and telephone contact.

  • RMIS Additional Users (RMIS Standard License includes a set number of Full Access Users outlined under Administrative Services, and unlimited use of GB standard scheduled training classes) RMIS View-only User, $250 annually per user RMIS Full Access User, $500 annually per user Loss control $140 per hour OSHA Reporting $6,000, OSHA platform to produce compliant OSHA 301 Report, 300 and 300a Logs, and electronic data file.

  • Administrative services as necessary to implement this Agreement including, but not be limited to, risk management consulting, Loss prevention, Loss control, centralized Loss reporting, actuarial consulting, claims adjusting and legal services.

  • Expenditures from the Trust Account may be made for payment of Losses, litigation costs, investigation, insurance premiums and deductible amounts, costs of Loss control activities, and any other costs determined by the Board.

  • Loss control, risk management, or anti-fraud services rendered in connection with insurance placed through your agency.

  • The main activities of the insurance service are: - Risk financing decisions (self- funding and insurance cover); - Procurement of insurance; - Maintenance of insurance portfolio; - Claims handling; and, - Loss control programme.

  • Loss control services combine loss analysis with best practices in safety programs, customized for issues particular to Client and designed to help decrease and control workers’ compensation losses.


More Definitions of Loss control

Loss control means any action designed to reduce financial losses to the least possible amount.
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Related to Loss control

  • Access control means a system for allowing only approved individuals to have unescorted access to the security zone and for ensuring that all other individuals are subject to escorted access.

  • Site Control means that, for the Contract Term, Seller (or, prior to the Delivery Term, its Affiliate): (a) owns or has the option to purchase the Site; (b) is the lessee or has the option to lease the Site; or (c) is the holder of an easement or an option for an easement, right-of-way grant, or similar instrument with respect to the Site.

  • customs control means measures applied by the customs and excise office to ensure compliance with customs legislation;

  • Shared-Loss Month means each calendar month between the Commencement Date and the last day of the month in which the tenth anniversary of the Commencement Date occurs, provided that, the first Shared-Loss Month shall begin on the Commencement Date and end on the last day of that month.

  • Medical control means a person who provides medical supervision to an emergency medical service provider.