What it means
A loss run is a claims history report from an insurer. It typically shows each claim with its date, description, status, amounts paid and any reserve set aside for future payment, for each policy year.
New insurers usually ask for three to five years of loss runs before offering terms. A clean history, or claims that are explained and closed, can improve underwriting results.
Businesses can request loss runs from their current and prior insurers. Insurers generally provide them on request, and some states set deadlines for doing so. Requesting them well before renewal helps avoid delays.
An example
Sunridge Electrical is changing brokers before renewal. It asks its current and prior insurers for five years of loss runs, which show two small closed general liability claims. Underwriters at new insurers review the reports before offering terms.
Names in this example are fictional.
See this term in your own contract.
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How do I get my loss runs?
Ask your current insurer or broker, and contact prior insurers for earlier years. Requests usually need the business name, policy numbers and the years required. Many insurers provide them through an online portal or by email. Allow time, because some insurers take several days or longer, especially for older policies.
What if my loss runs show claims I do not recognize?
Ask the insurer for claim details and dispute any errors in writing. Sometimes a third party files a claim against the business without the owner being told, or a reserve remains open on a settled claim. Correcting the record before renewal can matter for pricing and underwriting decisions.
General information only. It is not legal or insurance advice. Only issued policy documents and endorsements describe actual coverage.