What is the main focus of loss control techniques?

The main focus of loss control techniques is to reduce the frequency and severity of losses. This involves implementing strategies and measures that aim to prevent losses before they occur and mitigate the impact if they do happen. Loss control is proactive in nature, addressing potential risks and applying various methods such as safety training, risk assessment, maintenance, and emergency planning to manage and lower the likelihood of incidents.

By focusing on reducing both the frequency and severity of losses, organizations can improve their overall risk profile, potentially leading to safer working environments and reduced financial burdens associated with claims and damages. These techniques are a crucial aspect of risk management as they help organizations minimize exposure to risks and enhance resilience against unexpected events.

While analyzing past losses can provide insights into where improvements can be made, and establishing insurance premiums is important for financial planning, neither of these directly aligns with the proactive nature of loss control techniques focused on preventing future incidents. Increasing the number of claims filed would be contrary to the objectives of loss control, which seeks to minimize such occurrences.