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What is the primary purpose of loss control services provided by insurance companies?
  • a)
    To handle investment decisions.
  • b)
    To settle claims quickly.
  • c)
    To provide personal assistance to policyholders.
  • d)
    To prevent or minimize losses.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What is the primary purpose of loss control services provided by insur...
The primary purpose of loss control services provided by insurance companies is to prevent or minimize losses. These services offer advice and recommendations to policyholders on measures they can take to reduce the likelihood and severity of potential losses, ultimately benefiting both the insurer and the insured.
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What is the primary purpose of loss control services provided by insurance companies?a)To handle investment decisions.b)To settle claims quickly.c)To provide personal assistance to policyholders.d)To prevent or minimize losses.Correct answer is option 'D'. Can you explain this answer?
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