Loss Prevention And Reduction


Definition of "Loss prevention and reduction"

Steven  Purcell real estate agent
Steven Purcell Century 21 First Southern Trust

Risk management control procedure that emphasizes safety management. Its purpose is to reduce the frequency and severity of potential losses. Business firms apply this procedure by posting safety signs, holding safety meetings, and providing cash awards for employees with the best safety records.

Have a question or comment?
We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 
 

 

Popular Insurance Terms

Popular Insurance Questions