Loss prevention definition

Loss prevention means any action or plan intended to reduce the frequency and severity of property, liability, or workers’ compensation losses.
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Loss prevention means any action or plan intended to reduce the frequency and severity of property, liability, or workers’ com- pensation losses.
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Loss prevention means a system for identification and reduction of risk-related exposures, hazardous conditions or other circumstances likely to produce a loss.
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Examples of Loss prevention in a sentence

  • Loss prevention and mitigation You must not do, and must ensure that your practice staff, employees or contractors do not do, anything reckless or wilful that might give rise to a claim or request for indemnity.

  • RISK RESPONSIBILITIESPrincipal activities Branch / area Country/ division Group Risk assessment Contract management Loss prevention Claims settlement Insurance purchasing EXAMPLE – RISK MANAGEMENT ACTIVITIES: SECURITAS’ VALUES AND ETHICS COMPLIANCE RISK Training and awareness are key components of risk managementSecuritas has training centers in most countries and provides both basic and highly specialized training for employees at all different levels.

  • Select the best risk management techniques to manage the risks without unduly curtailing ormodifying activities necessary to the CSU mission;◗ Loss prevention and reduction (a.k.a. risk control)4.

  • Maintain a proactive approach with the objective of improving Safety, Health, and Loss prevention issues in the workplace.

  • Select the best risk management techniques to manage the risks without unduly curtailing ormodifying activities necessary to the CSU mission;⏵ Loss prevention and reduction (a.k.a. risk control)4.

  • Loss prevention Installing overflow alarms in tanks could reduce overflows or releases.

  • Loss prevention and control coordinators at all agency levels shall ensure that appropriate checklists are developed and used for self-inspection and audit purposes.

  • Further investigation confirmed that at the time of the higher than average turbidity readings, cell and bund walls were being constructed by TAM resulting in disturbance of clays which had migrated into the sediment pond through the existing drainage arrangements.

  • Potential for distribution of guarantee fund.• Loss prevention and engineering evaluations.• Information exchange and data centre for nuclear insurance matters.

  • Mechanically attach underlayment board in accordance with FM Loss prevention Data 1-28 including enhanced perimeter and corner fastener spacing.


More Definitions of Loss prevention

Loss prevention means a person who is under contract as unarmed or armed with an independent, proprietary security organization or contract security company who is responsible to protect persons and/or property, take precaution against the theft of or destruction of property from a wholesale/retail establishment and deter, detain or arrest others for theft or other violations of local, state or federal laws.
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Loss prevention means any measure taken to reduce the frequency of loss.
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Loss prevention means a system for identification and reduction of risk-related exposures, hazardous conditions, or other circumstances likely to produce a loss with regard to the applicable coverage provided by the authority.
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Loss prevention means the reduction or elimination of an INSURED’s possible or potential exposure to liability for DAMAGES in any way relating to or arising from possible or potential errors, omissions or negligent acts in the performance of PROFESSIONAL SERVICES for others, by means other than defending any CIVIL SUIT against an INSURED.
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Related to Loss prevention

  • Waste prevention means source reduction and reuse, but not recycling.

  • Pollution prevention means any activity that through process changes, product reformulation or redesign, or substitution of less polluting raw materials, eliminates or reduces the release of air pollutants (including fugitive emissions) and other pollutants to the environment prior to recycling, treatment, or disposal; it does not mean recycling (other than certain “in-process recycling” practices), energy recovery, treatment, or disposal.

  • Prevention means measures taken before a substance, material or product has become waste, that reduce:

  • Stormwater Pollution Prevention Plan or "SWPPP" means a document that is prepared in accordance with good engineering practices and that identifies potential sources of pollutants that may reasonably be expected to affect the quality of stormwater discharges from the construction site, and otherwise meets the requirements of this Ordinance. In addition the document shall identify and require the implementation of control measures, and shall include, but not be limited to the inclusion of, or the incorporation by reference of, an approved erosion and sediment control plan, an approved stormwater management plan, and a pollution prevention plan.

  • Storm Water Pollution Prevention Plan means a document which describes the on- site program activities to utilize BMPs to eliminate or reduce pollutant discharges to the storm water conveyance system to the maximum extent practicable.

  • Backflow prevention device means a safety device used to prevent pollution or contamination of the water supply due to the reverse flow of water from the irrigation system.

  • Disaster Management Act means the Disaster Management Act, 2002 (Act No.57 of 2002)

  • Air pollution means the presence in the outdoor atmosphere of one or more air contaminants in sufficient quantities, and of such characteristics and duration as is, or is likely to be, injurious to human health, plant or animal life, or property, or which unreasonably interferes with enjoyment of life and property. For the purposes of this chapter, air pollution shall not include air contaminants emitted in compliance with chapter 17.21 RCW, the Washington Pesticide Application Act, which regulates the application and control of the use of various pesticides.

  • Environmental pollution means the contaminating or rendering unclean or impure the air, land or waters of the state, or making the same injurious to public health, harmful for commer- cial or recreational use, or deleterious to fish, bird, animal or plant life.

  • Insurance producer means a person required to be licensed under the laws of this state to sell, solicit or negotiate insurance, including annuities.

  • Leak-detection system means a system capable of detecting the failure of either the primary or secondary containment structure or the presence of a release of hazardous waste or accumulated liquid in the secondary containment structure. Such a system must employ operational controls (e.g., daily visual inspections for releases into the secondary containment system of aboveground tanks) or consist of an interstitial monitoring device designed to detect continuously and automatically the failure of the primary or secondary containment structure or the presence of a release of hazardous waste into the secondary containment structure.

  • Wild animal means any mammal, bird, fish, or other creature of a wild nature endowed with sensation and the power of voluntary motion.

  • Rail Safety Act means the Rail Safety Act 1998 (WA);

  • Disaster means the occurrence of one or more events which, either separately or cumulatively, mean that the Services, or a material part thereof will be unavailable (or could reasonably be anticipated to be unavailable) for the period specified in the Call Off Order Form (for the purposes of this definition the “Disaster Period”);

  • Safety Management System means a systematic approach to managing safety, including the necessary organizational structures, accountabilities, policies and procedures;

  • Disaster Recovery System means the system identified by the Supplier in the Supplier Solution which shall be used for the purpose of delivering the Disaster Recovery Services;

  • ERCOT Protocols means the document adopted by ERCOT, including any attachments or exhibits referenced in that document, as amended from time to time, that contains the scheduling, operating, planning, reliability, and settlement (including customer registration) policies, rules, guidelines, procedures, standards, and criteria of ERCOT. For the purposes of determining responsibilities and rights at a given time, the ERCOT Protocols, as amended in accordance with the change procedure(s) described in the ERCOT Protocols, in effect at the time of the performance or non-performance of an action, shall govern with respect to that action.

  • Environmental Policy means to conserve energy, water, wood, paper and other resources, reduce waste and phase out the use of ozone depleting substances and minimise the release of greenhouse gases, volatile organic compounds and other substances damaging to health and the environment, including any written environmental policy of the Customer;

  • Sex trafficking means the recruitment, harboring, transportation, provision, or obtaining of a person for the purpose of a commercial sex act.

  • Alcohol abuse means any pattern of pathological use of alcohol that causes impairment in social or occupational functioning, or that produces physiological dependency evidenced by physical tolerance or by physical symptoms when it is withdrawn.

  • Procurement Plan means the Recipient’s procurement plan for the Project, dated April 2, 2010, and referred to in paragraph 1.16 of the Procurement Guidelines and paragraph 1.24 of the Consultant Guidelines, as the same shall be updated from time to time in accordance with the provisions of said paragraphs.

  • Kyoto Protocol means the protocol to the UNFCCC adopted at the Third Conference of the Parties to the UNFCCC in Kyoto, Japan on 11 December 1997 as may be amended;

  • Environmental Safeguards means the principles and requirements set forth in Chapter V, Appendix 1, and Appendix 4 (as applicable) of the SPS;

  • Nonprescription medication means a drug or medication authorized pursuant to federal or state law for general distribution and use without a prescription in the treatment of human disease, ailments, or injuries.

  • Backflow Prevention Assembly means any mechanical assembly installed at a water service line or at a plumbing fixture to prevent a backflow contamination event, provided that the mechanical assembly is appropriate for the identified contaminant at the cross connection and is an in-line field-testable assembly.

  • Hostile environment means a situation in which bullying among students is sufficiently severe or pervasive to alter the conditions of the school climate;