Loss Prevention And Reduction

Definition of "Loss prevention and reduction"

Steven  Purcell
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.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ