Boiler & Machinery Insurance - Bosna RE
Boiler & Machinery Insurance - Bosna RE
Boiler & Machinery Insurance - Bosna RE
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Role of Loss Prevention & Control(LP&C) in the <strong>Insurance</strong> IndustryLP&C in Property and B&M <strong>Insurance</strong> increases protectionlevel plus risk awareness, and with that reduces frequencyand severity of losses and qualifies for insurance premiumreductions.Industry methods of LP&C are:• LP&C mandatory with <strong>Insurance</strong> Coverage (FM, old IRI System,others …)• LP&C offered by insurer on the program or outsourced to consultants• LP&C for placement & marketing of <strong>Insurance</strong> Programs (BrokerReports)• LP&C purchased by Risk Managers (<strong>Insurance</strong> Placement & LossControl)• Others …5/GE /30 May, 2008
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