What Is a Loss Control Consultant and How to Become One

Loss control consultants work with businesses to protect employers from financial loss. This could be lost through workplace accidents and financial responsibility or insurance and retail loss. Your job is to recommend strategies to prevent these risks. As a loss control consultant, your responsibilities are to evaluate a business’ safety and loss risks, implement strategies for the company and its employees to prevent safety issues, theft, and inventory loss, conduct routine risk assessments, and evaluate worker’s compensation and insurance claims. You can carry out your duties for one business with multiple locations or work with several smaller retailers.

To become a loss control consultant, you need a bachelor’s degree in a business-related field, such as business management, occupational health and safety, or consumer science. Many loss control consultants also have further qualifications, such as a from a program that offers training on the skills necessary for the job. One such certificate is the LPCertified (LPC) accreditation from the Loss Prevention Foundation (LPF). As a loss control consultant, you need outstanding verbal and written communication, analysis, problem-solving, and mathematical skills. You can find jobs that focus on one pathway of loss control, such as employee safety or insurance loss protection, or jobs that incorporate all areas of loss control and prevention.