Loss control is a Risk Management technique that seeks to reduce the possibility that a loss will occur and reduce the severity of those that do occur.
A loss control program should help insureds reduce claims and insurers reduce losses through safety and Risk Management Information and Services.
What is the Insured's Responsibility?
- Rate - Access loss causing hazards
- Record - Document the discovery
- Remove/Repair - Clean it and fix it
- Resume - Run operations with confidence
What is the Insurer's Requirement?
- Central Station Fire Alarm Certificate/Contract
- Central Station Burglar Alarm Certificate/Contract
- Sprinkler Maintenance/Service Contract
- Uniform Mitigation Verification Inspection Form
(building construction and opening protection roof, windows, and doors)
- Annual Roof Maintenance Agreement or Current Roofer's Report
- Roof Replacement Invoices - Roof Repair Invoices
- Material Safety Data Sheets for any chemical storage
- Plot Survey including a building diagram for total area
- Cooking Equipment Servicing Agreement(s) for hood and duct cleaning and automatic extinguishing systems
- Verification of Code Compliance for any spray paint booth(s)
- Gross Revenue and payroll Verification - Financial Report, Tax Filing, P&L and 941
- Exterminator/Pest Control Contract Agreement
- Grantor of Franchise Agreement
- Third Party Lender Agreements including hold harmless
- Tenant Lease Agreement
To learn more about reducing claims and losses through safety and Risk Management, contact Upen at 866-554-6799 today.