Loss Control and Underwriting Inspections
The partnership between a policyholder and the insurance company is our top priority. Loss control inspections and periodic risk assessments are the most effective ways to contain insurance costs, prevent losses before they happen, and identify unknown exposures.
What is a Loss Control Inspection?
A loss control inspection is an assessment of the insured party’s operations, policies and procedures. We focus on areas such as safety, employee training, fire prevention, hazard identification and corrective actions to reduce or eliminate potential exposures.
What is the Purpose of a Loss Control Inspection?
A Loss Control Inspection is all about helping you evaluate and asses your risk and your safety plans and procedures. This helps prepare for a loss and even prevent losses in the future. Your business and the insurance industry are always evolving and we want to help you to see your exposure and adapt good preventative loss practices. It also will be saving you time and money along the way.
The primary purpose of the Loss Control Inspection is to confirm the correct classification of business for the purpose of assessing its risk. We can help determine the best methods for avoiding and controlling the costs of accidents or injuries. This minimizes cost and minimizes the lost productivity that accidents and incidents cause.
How Does Vector Risk Solutions Help?
We are experts in handling loss control and underwriting inspections reviews. Each of the consultants on our team is highly qualified to handle all aspects of the process and with a dedication to greatness, you and your policyholders will maintain a positive working relationship for years to come.