The possibility is always present that an enterprise may possess an asset or engage in some activity that generates a cost of risk much higher than what that asset or activity produces. If we are to face such a case, the recommendation will surely be to try to eliminate the asset or the activity. If it cannot be done, then our recommendation will be to utilize a non-insurance method.

If none of the above works, then we shall try to assist our client in reducing his risks through the effective utilization of loss control techniques. After all, loss control is the single most important activity in reducing the cost of risk. Not only will it reduce assumed losses, but a well designed and executed loss control program will induce underwriters to compete for the business and reduce costs. In addition, in times of hard underwriting markets, a good loss control program may mean the difference between being able to acquire insurance or not be able to procure any at all. The following are some of the Loss Control services we provide our clients:

• Help establish a loss control policy
• Assist in establishing short and long term loss control goals
• Help the client to evaluate the present plan
• Coordinate with insurance company loss control departments to perform inspections and training sessions
• Assist in designing an in-house loss control training program and offer loss control seminars to supervisory personnel in loss prevention and containment in:
  • Accident Investigation and Analysis,
  • Emergency Planning
  • Cause and Effect of Loss
  • Housekeeping
  • Planned Inspections
  • Fleet Safety and Others.
• Help develop emergency preparedness plans
• Coordinate with the Fire Department for inspections and training in fire protection, prevention and preparedness Coordinate with the American Red Cross for industrial first-aid instruction

Should the situation call for it, we will contract loss control professionals to assist us in this very specialized area. Some of these professionals include Du Pont Safety and Environmental Management, Professional Loss Control Consultants (PLC), Norske Veritas, Liberty Mutual Loss Control Services and others.