What Is Loss Prevention Insurance?

Insurance disaster prevention and loss prevention is the work of an insurance company to identify, analyze, and deal with various risks that may occur to the subject matter of its insurance to prevent disasters and reduce losses. It has the functions of maintaining the safety of people's lives and property, reducing the loss of social wealth, reducing the insurance premium burden of policyholders, and promoting the improvement of management and management of insurance companies. Insurance disaster prevention and loss prevention are closely related to social disaster prevention and loss prevention. From the perspective of purpose and result, both are to reduce the loss of social wealth. ^[1]