Example ofloss preventionin risk management

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Why isloss preventionimportant

A fire helicopter carries water to put out a fire that has been caused by the heat of the summer, probably due to the irresponsibility of the people. Jerte Valley in Caceres.

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Loss reduction is focused on reducing the severity of a given accident or loss. Loss reduction tactics — many of which are required by code — don’t seek to stop losses from happening, but rather aim to limit their impact when they do occur. Examples of loss reduction tactics include:

Whatare 5 methods ofloss prevention

Helicopter fighting BC forest fires during a hot sunny summer day. Taken near Port Alice, Northern Vancouver Island, British Columbia, Canada.

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Whatisloss preventionsecurity

Risk is an unavoidable part of business, which is why business insurance exists in the first place. Whenever human beings are involved, your odds of perfection plummet. Sometimes, when things go really wrong, it can result in a loss, a lawsuit or an insurance claim. Of course, just because you can’t bank on perfection doesn’t mean you shouldn’t try to push your risk as low as possible. Here at UFG Insurance, we offer expert risk control services to our policyholders and agents to help with just that. Every industry has its unique risks and requirements, and our risk control consultants use a variety of resources and strategies to keep your business and customers safe. Three of the most common risk management strategies our experts rely on include:

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Avoidance is self-explanatory, and simply means avoiding specific activities or actions where the expected loss outweighs any expected gain. But what’s the difference between loss prevention and loss reduction? Aren’t they just different ways of describing the same thing?

Loss preventionstrategies

Loss reduction is focused on reducing the severity of a given accident or loss. Loss reduction tactics — many of which are required by code — don’t seek to stop losses from happening, but rather aim to limit their impact when they do occur. Examples of loss reduction tactics include:

While both of these strategies are used to reduce the risk of a loss within a business, they go about it in different ways.  Loss prevention aims to reduce risk by reducing the frequency, or chances of an adverse event happening. Loss prevention tactics are often thought of as proactive, and try to head off risks before they can cause injury or damage. Examples of loss prevention tactics include:

A helicopter dropping water on a California wildfire in rugged terrain, backlit by a setting sun filtered through multiple layers of smoke

UFG offers insurance protection for businesses through a select group of independent insurance agents across the country.

Avoidance is self-explanatory, and simply means avoiding specific activities or actions where the expected loss outweighs any expected gain. But what’s the difference between loss prevention and loss reduction? Aren’t they just different ways of describing the same thing?

Loss Preventionjobs

Aerospatiale AS 350 Ecureuil helicopter of the Portuguese civil protection on a firefighting mission. The helicopter is flying at speed with a full water bucket, with water spilling from the bucket, to fight a fire near Sintra.

Last day in New York. Disaster in USA. America continues to be threatened with occupation and terrorism. A building destroyed by explosions in Manhattan. Similar image (background) from my istock portfolio: 1171282497, 843771604 and 861853706 I took this image (background) from my trip to New York City, USA at June, 2012.

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Indeed, loss prevention and loss reduction strategies work in tandem to keep your risk low, which is why they are two of the most common tactics employed by risk control consultants. By lowering the frequency of adverse events, and having systems in place to minimize the impact of those events when they do happen, you can rest easier knowing you’ve done everything possible to minimize the risks to your business and customers.  At UFG, our risk control consultants work side-by-side with business owners to prevent losses, identifying and resolving workplace hazards and risks with manageable plans of action. We offer assistance and guidance in all areas of safety, helping to make the businesses we insure safer and stronger. If you're a UFG policyholder or agent, and have a safety related question or concern, reach out to UFG Risk Control staff to learn more about protecting your business through more effective risk management.

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Loss preventionin retail

Indeed, loss prevention and loss reduction strategies work in tandem to keep your risk low, which is why they are two of the most common tactics employed by risk control consultants. By lowering the frequency of adverse events, and having systems in place to minimize the impact of those events when they do happen, you can rest easier knowing you’ve done everything possible to minimize the risks to your business and customers.  At UFG, our risk control consultants work side-by-side with business owners to prevent losses, identifying and resolving workplace hazards and risks with manageable plans of action. We offer assistance and guidance in all areas of safety, helping to make the businesses we insure safer and stronger. If you're a UFG policyholder or agent, and have a safety related question or concern, reach out to UFG Risk Control staff to learn more about protecting your business through more effective risk management.

Vector isometric firefighting airplane and helicopter fighting wildfires. Wildfire or bushfire infographic. Airplane dropping fire retardant on trees, water bomber helicopter over burning forest

Loss preventionexamples

While both of these strategies are used to reduce the risk of a loss within a business, they go about it in different ways.  Loss prevention aims to reduce risk by reducing the frequency, or chances of an adverse event happening. Loss prevention tactics are often thought of as proactive, and try to head off risks before they can cause injury or damage. Examples of loss prevention tactics include:

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Browse 7,200+ helicopter fire stock photos and images available, or search for rescue helicopter fire to find more great stock photos and pictures.

Risk is an unavoidable part of business, which is why business insurance exists in the first place. Whenever human beings are involved, your odds of perfection plummet. Sometimes, when things go really wrong, it can result in a loss, a lawsuit or an insurance claim. Of course, just because you can’t bank on perfection doesn’t mean you shouldn’t try to push your risk as low as possible. Here at UFG Insurance, we offer expert risk control services to our policyholders and agents to help with just that. Every industry has its unique risks and requirements, and our risk control consultants use a variety of resources and strategies to keep your business and customers safe. Three of the most common risk management strategies our experts rely on include: