What is Loss Run in Retail? Explained

A Loss Run is a detailed report providing the history of insurance claims made by a business over a specific period. Typically requested by insurance underwriters and risk managers, it includes information such as claim dates, types of loss (e.g., theft, property damage), amounts paid out, and current claim statuses. Analyzing loss runs helps insurance professionals and businesses understand risk patterns, make informed coverage decisions, and implement strategies for loss prevention and risk mitigation.