loss prevention


Programs instituted to prevent loss or theft within a business. For example, many retail companies have a loss prevention program in place where special tags on their products will sound off an alarm if it is not properly deactivated or removed before the product leaves the store, in order to prevent shoplifting.

Use loss prevention in a sentence

We had a really good loss prevention plan in place and it was supposed to help us with our business.

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The loss prevention strategy of the department store included hundreds of cameras being monitored by a team of security experts.

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We have augmented our loss prevention strategy to include electronic tags on higher end items together with surveillance video already in place.

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loss payee Alliance of American Insurers