Loss Run Reports: What are they and what do they mean for your business insurance

Loss Run Reports: What are they and what do they mean for your business insurance?

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A loss run report is a document that summarizes the insurance losses of a policyholder. The insurance company compiles the report and usually sends it to the policyholder or agent. It contains information such as the date, type of loss, amount of each loss, and other pertinent details. Loss run reports are essential because they provide an overview of a company’s claims history. This information helps insurance professionals and underwriters determine if a company is eligible for certain types of coverage, how much premiums should be, and whether or not to renew a policy.


If you look closely at your loss run report, you will notice a ‘valuation date’ listed on the document. The valuation date is crucial because underwriters require valued loss runs within 60-120 days of the policy effective date.

IRMI defines a loss runs valuation date as follows:

the cutoff date for adjustments made to paid claims and reserve estimates in a loss report. For example, a workers compensation loss report for the 2013 policy year that has a 2015 valuation date includes all claim payments and changes in loss reserves made prior to the 2015 valuation date.

International Risk Management Institute, Inc. (IRMI). All rights reserved.


As claims develop, loss run reports change. Further, insurance carriers often pick up losses and open claims after the policy expiration.

Each year before policy renewal, it’s important for your agent to review loss runs for any changes to claims activity. For example, a loss report for a general liability policy effective 1/1/2021 to 1/1/2022 and valued on 11/1/2021 may show different activity when printed on 11/1/2022. Even if the loss runs were clean in the past, that does not mean claims didn’t occur after the policy expiration date. Loss runs will also show when open claims are closed and final payouts and losses incurred.


Customers of FOA do not need to worry about ordering their loss run reports. When necessary, our staff will request and file the reports accordingly. We will also provide them to underwriters when requesting proposals and researching the market.

Sometimes, we advise an insured if we believe they may be unaware of a claim. We also warn clients if we think their loss history will adversely affect their insurance options.

Loss runs are a vital document utilized day-in and day-out at Fusco Orsini & Associates.


We hope you found this information helpful and that we answered the question:

Loss Run Reports: What are they and what do they mean for your business insurance?

If you are looking to make a change and hire a new agency, FOA has software available to secure loss runs without the intervention of your current insurance representative.

You may reach us at 858-384-1506, at hello@foagency.com, or by completing the form below.

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