loss control


Actions performed by the insured to reduce the chance of a loss or the extent of a loss, for example, locking valuables in a safe or keeping fire extinguishers in a home or business.

Use loss control in a sentence

You need to always be trying your best to prevent the loss control so that you are not in a bad position.

​ Was this Helpful? YES  NO 7 people found this helpful.

The loss control team just did a training session to teach all of the staffers how to follow the new procedures for using the time-lock safes to reduce the loss in the event of a robbery.

​ Was this Helpful? YES  NO 11 people found this helpful.

Inspecting and servicing old equipment can be time consuming, but are essential for loss control and reducing expenses related to manufacturing delays or producing defective products.

​ Was this Helpful? YES  NO 9 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
loss carryover Associate in Loss Control Management (ALCM)