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Main Insurance Terms claims and loss control

claims and loss control

See alsohuman approach,engineering approach Related Terms: Dictionary of Insurance Terms human approach

technique of loss control and reduction of losses in insurance. Supporters of this method believe that the safety attitudes of individuals determine the safety precautions they take. The human approach seeks to convince people to want to be safe in order to reduce loss frequency and severity. For example, campaigns encouraging the use of seat belts help promote a safety-conscious society.

Dictionary of Insurance Terms engineering approach

approach in loss prevention placing emphasis on physical features of the workplace as a potential cause of injuries. For example, if a product is inherently dangerous in design or during manufacture, an insurance company may assign an engineer to analyze the situation and recommend changes that could improve safety and lower insurance premiums.

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claims and loss control