Objectives of loss control

An adequate loss control program should help:

* policyholders reduce claims, and 

*insurance companies reduce losses through safety and risk management information

 In the insurance realm, establishing a loss control program is most commonly achieved by working with a loss control representative that will evaluate loss exposures and assist in identifying and developing safety programs and cost-effective methods for risk and asset management.

Many carriers have their own loss control departments, however there are also third-party companies that offer these services.