What is a "loss run"?


Quick Answer

A "loss run" is a documented report that provides details of insurance claims that a business or an individual has had in a specified period of time. Loss-run reports are provided by the insurance company, and they record every single claim activity by the insured person on each policy.

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Full Answer

A loss run has to be prepared by the insurance company even if no claims have been made on the policies. Loss-run reports are very useful in providing updates for the insured individual or firm. A loss-run report also helps the company in making decisions on whether or not to continue writing insurance for the client.

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