Loss Control

Defining Loss Control  “The process of planning, organizing, leading and controlling the activities of an organization in order to minimize the adverse effects of accidental losses on that organization at a reasonable cost.” Essentials of the Risk Management Process ARM 54 Text. Insurance Institute of America

Defining Loss Control  Prevent losses from happening  Limit liability for those that do occur

Common Sense Questions  What could go wrong?  What can we do to minimize the risk of it actually happening?

Some risks are pretty easy to see

Others are not...

Average Program Costs Annually

Liability Losses

Work Comp Losses

Police (Liability 33%; Work Comp 30%) Fire (Work Comp 20%) Training Safety Officer Public Safety Expertise

Land Use (Liability 18%) Land Use Loss Control Attorney Incentive Online Training: Land Use Basics Creating the Ground Rules

Employment (Liability 15%) LMCIT Attorneys & Human Resources Online Training: Respectful Workplace Series Human Resources Basics for Managers Series

Sewer Backups (Liability 10%) Incentive Sewer Toolkit Loss Control Consultant

Loss Control  Regional Safety Groups  Contract Review Service  FirstNet Learning  Loss Control Workshops  Loss Control Consultants

 Review risk memos  Consult League website  Contact:  City’s Attorney  City’s Agent  LMCIT attorneys  Loss control consultant  Underwriter  Other LMCIT staff Conclusion