Loss Prevention Funding Application

The philosophy of loss prevention (LP) funding is to fund projects specific to the purpose of reducing the frequency and/or severity of loss at the University of Alaska. Loss prevention is the act of taking proactive measures to prevent or abate an identified risk exposure. Loss frequently is controlled by focusing on the cause of loss. Loss severity is reduced by identifying the factors that magnify or prolong a loss, in other words, by focusing on the effects of the loss. Hazards appropriate for the focus of LP funding consist of areas where the risk of loss is high for bodily injury or property damage.

Loss prevention funds may be used to:

• Correct safety deficiencies;
• Initiate new safety programs;
• Comply with new safety regulations;
• Provide employee safety training/development;
• Purchase safety equipment and supplies;
• Address human and property security concerns;
• Minimize the generation of hazardous waste.

If you have a project and would like to apply for loss prevention funding, please fill out the Loss Prevention FORM and mail to EHS&RM, attn: Annette Chism, at PO Box 758145 (inter-campus mail)

Page last update on 5/17/06 by A.Chism