Loss control for insurance is defined as risk management routines designed to reduce the risk of insurance claims. It is mainly about recognizing potential risks in the workplace and being alerted to voluntary or necessary measures that the policyholder should take to reduce these risks. Finally, p olicyholders can benefit from loss control services through reduced premiums, while insurance companies can reduce their costs in the form of claims costs.
At Central, for example, loss control procedures are value-added services and one of our most important successes. Our loss control consultants work together with our insurers and our agency partners to strengthen our strong relationship with our commercial policyholders.
The aim of loss control is to ensure the safety of policyholders' employees, while keeping their insurance costs low. It starts with a safety visit on site with the customers. Through a tailored analysis, policyholders' security programs can anticipate exposures and eliminate potential hazards. With this in mind, many insurance companies try to build relationships with companies that provide specialized loss control services that can make a positive contribution to safety goals and help customers reduce potential risks. IntelliCorp provides policyholders with the tools needed to make responsible and informed employment decisions by offering comprehensive employment screening services to minimize risks and determine the quality of new employees.
By partnering with Succeed Risk Management Solutions, Central offers our policyholders access to a wide range of training resources. From security videos to web-based e-learning, Succeed is a comprehensive security solution to fill the gap in a current security program or offer a comprehensive security program to organize security calls, video training and training shorts.
TIPS (] T counts for I ntervention P rocedure S ) Alcohol server training gives policyholders who offer alcohol service access to online certification , Train the coaching workshops, and participation materials. TIPS is really a positive addition to our policyholders' safety and training programs for employees who serve alcohol products. Our 24/7 Nurses Hotline gives our customers and their employees access to medical advice from registered nurses (RN) for occupational accidents. This service can help reduce the time employees are out of work due to an injury, as well as offer more appropriate treatment due to recommendations for home care. a dedicated toll-free number where they can talk directly to a registered nurse (RN) who helps determine the appropriate care needed for work-related injuries. Use of the nurse's hotline can reduce claims costs with emergency care facilities that are used instead of emergency rooms and help reduce labor costs.
Azuga Fleet is one of Central Loss Control's latest partners. Azuga offers the latest technology in fleet security. Many of our policyholders have telematics services, but Azuga takes it to a new level by offering outstanding support for safety and operational efforts. Their equipment helps monitor driver behavior and safety, fleet health (fleet maintenance) and Powerful Report, which has eight specific categories to provide customers with efficient fleet management at hand. Real-time alerts keep operations under control and keep employees safe. Azuga offers outstanding customer and technical support including training.
By the way, October is the month for fire prevention. Central is a proud member of the NFPA and their importance in fire prevention and safety. This year, the NFPA is focusing on "Why Cooking Safety Matters." At the NFPA website (www.NFPA.org) you can learn why cooking is the leading cause of fire in the kitchen. NFPA offers some fantastic checklists for cooking. One of our main goals when we end loss control visits to our customers where cooking is part of their business is to provide good, concise safety information to help them maximize fire safety and minimize potential fire risks.
Loss Control partners offer different security paths to choose from for our loss control consultants when working with our policyholders. The more positive safety information and training for employees 'operations is available, the more likely successful results will be for all parties when the day – to – day operations of policyholders' companies are completed. Contact your independent agent today to learn more about these amazing partnerships!
The information above is of a general nature and your policy and coverage may differ from the examples. Read your insurance policy in its entirety to determine your actual coverage.
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