{"id":352619,"date":"2017-06-12T13:22:45","date_gmt":"2017-06-12T18:22:45","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/consumer\/insurance\/what-is-a-loss-run-report.html"},"modified":"2024-04-12T10:10:18","modified_gmt":"2024-04-12T15:10:18","slug":"what-is-a-loss-run-report","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/consumer\/insurance\/what-is-a-loss-run-report.html","title":{"rendered":"What Is a Loss Run Report?"},"content":{"rendered":"\n
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What Is a Loss Run Report?<\/h1>\n
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\n By Oni Harton, J.D.<\/a> | Legally reviewed by Melissa Bender, Esq.<\/a>\n | Last updated\n
\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
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This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

\n \n <\/i>\n Fact-Checked\n <\/summary>\n\n
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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n

Having an insurance policy can provide a sense of security. Insurance coverage brings peace of mind, knowing you’ve taken steps toward risk management. You make regular insurance premiums and expect a smooth process if your business needs to file insurance claims.<\/p>\r\n

You might be wondering how the process works. How does your claims history impact pricing for a new insurance policy? Will the claims made in the past result in a higher premium?<\/p>\r\n

Insurers review your loss history as a policyholder to make underwriting decisions. Analyzing loss run reports is a critical part of the underwriting process.<\/p>\r\n

An insurance loss run report from your current insurance carrier provides valuable information for you and your insurer. Read on to learn about loss run reports and their role in obtaining and maintaining insurance.<\/p>\r\n

How Is a Loss Run Report Used?<\/h2>\r\n

A loss run is a report generated by your insurance company. It shows the claim activity<\/a> on each of your insurance policies. A credit score lets lenders know whether you or your business is creditworthy. Lenders use it to determine whether to issue you or your business credit cards or loans.<\/p>\r\n

A loss run report can identify the level of risk insurance providers face if they insure you or your business. The content of your loss run report determines the insurance pricing.<\/p>\r\n

The loss run serves several purposes, including the following:<\/p>\r\n