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Homework answers / question archive / Sales representatives of property and liability insur- ance companies sometimes refer to the "sales prevention department

Sales representatives of property and liability insur- ance companies sometimes refer to the "sales prevention department

Finance

Sales representatives of property and liability insur- ance companies sometimes refer to the "sales prevention department. What department of the company are they referring to? Explain.

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They are referring to the department in their own insurance company wherein they suggest effective ways to decrease heavy claims through loss prevention and control mechanisms--- by giving advice on prevention measures to their high-risk category clients. They do this for a premium As they prevent sale of insurance products, they are called so by their own sales people--- who are in-charge of selling insurance products to clients.As their target are denied, they call these departments, as sales prevention department.
This department aims to reduce losses in the client companies , in the long-run by helping them to create safer work place for their employees, so that the latters' productivity also increase.Expenses towards premium also goes down , as safety is improved.