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Loss Control

Proactive risk management strategies designed to indentify, prevent, or reduce business hazards before they cause damage

A loss control program is a necessary part of your business model to reduce the possibilities of a loss occurring and reducing the intensity of those losses. Assessing risk, effective planning, loss prevention techniques, and workplace safety are all part of loss control. In direct partnership with our carriers, a wide range of loss control services are available to successfully analyze your veterinary practice’s controls to reduce the likelihood of claims.

Benefits of loss control

A safe work environment often leads to a more profitable business. That’s why we partner with you to evaluate risk exposures, prepare for potential loss events and help you train your workforce in safety best practices. Through tailored strategies and deep industry insight, we help you protect your people, operations and bottom line.

  • Customer-Centric Approach: We’ll help you identify risks, create solutions and improve operations via professional consultations, align virtual visits with our carriers or strategic partners, and also provide a robust digital resource library and assignable e-learning courses.
  • Dedicated Expertise: Whether you're looking to improve safety, reduce claims or boost operational efficiency, our experienced professionals bring tailored solutions to your business, powered by cutting-edge technology and proven results.
  • Innovative Offerings: We use sophisticated carrier tools to improve worker safety and protect property. Our real-time insights and coaching are backed by professional carrier support to help you get the most from every solution.
  • Specialty Services: Whether it’s reducing exposure to workplace hazards, improving employee safety or designing ergonomic strategies, we’re here to help you manage risk with confidence.

Why proactive loss control should be a priority

Reducing losses can have a big impact on finances and operations. Simply minimizing or avoiding a problem from happening helps reduce opportunity cost, boosts productivity and enhances the value of your business. Additional reasons to consider adopting a loss control program for your veterinary hospital include:

  • Opportunity Cost: The money and other benefits lost when pursuing a particular course of action instead of a more profitable alternative. Think of all the clients you could be working with instead of disrupting your day dealing with a situation that could have been prevented.
  • Loss of Productivity: Your ability to manage time and create efficiency leads to higher productivity and potential profit. However, inefficiency at any point in the chain will cascade downward.
  • Practice Value: If you consider that every dollar of profit can take 3x, 5x or even 10x in new production to offset the loss of profit, a major unprotected or avoidable loss can negatively impact EBITDA. A truly catastrophic event could be hard to average out over 3 years, resulting in a much lower sale price for your business. Time, resources and valuable emotional energy can be saved the right insurance protection and a focus on loss mitigation.

Let's talk loss control for your veterinary hospital

Talk to our team