Claims history is one of the main factors that insurers evaluate to determine organizations’ commercial insurance premiums. As such, it’s crucial for organizations to have a sufficient grasp on their past losses. Fortunately, that’s where insurance loss runs can help.

A loss run is a report generated by an insurer that records the claims made against an insured’s policies. These reports are utilized for various types of commercial coverage and provide a detailed snapshot of an organization’s claims history. Loss runs are most frequently used when organizations apply for policies with new carriers. Underwriters will often require organizations to submit loss runs for the past three to five years along with their applications.

Keep reading to learn more about loss runs, what these reports include, how they impact organizations, and what policyholders should keep in mind when obtaining and reading such documents.