LOSS PREVENTION ASSOCIATION OF INDIA

LOSS PREVENTION ASSOCIATION OF INDIA

Way back in the 1970s, there was a growing concern in the general insurance industry about the magnitude of fires, road mishaps, industrial accidents, damage to cargo - resulting in loss of life and property, most of which was avoidable. It was this concern for preventing such losses and containing their consequences that prompted the general insurance industry to promote the Loss Prevention Association of India Ltd. or LPA as it popularly came to be known. Loss Prevention Association of India was set up in January 1978 as a company limited by guarantee, engaged in promotion of safety and loss control through education, training and consultancy. When it started, LPA had a handful of specialists operating from its head office at Mumbai. Today, it has emerged as a premier safety organisation with multifaceted expertise, having offices at Delhi, Calcutta, Chennai. Hyderabad and Kochi.
	CONSTITUTION
The Association is a company limited by guarantee and not by shares. It shall have three classes of membership, namely, (a) Ordinary Members, (b) Honorary Members, and (c) Associate Members. The following five persons shall be eligible and will be recognised as the ordinary members of the Association, namely (a) The General Insurance Corporation of India (b) The New India Assurance Co.Ltd (c) The Oriental Insurance Co.Ltd. (d) The National Insurance Co.Ltd.. (e) The United India Insurance Co.Ltd. and such other bodies corporate and/or other person as the committee of the Association may at any time and from time to time decide to admit as an ordinary member of the Association shall be admitted and recognised as such. The liability of the members is limited. Such other persons who are admitted by the Association as Honorary Members shall be and be called Honorary Members. Associate Members shall not any voting rights. He shall, however be entitled to receive such services as may be provided by the Association and decided by them from time to time
	Objectives of LPA are:
1. To organise and provide a Salvage Corps of trained men to be always ready to attend at fires with a view to safeguard the interests' Insurance Companies and to take charge of salvage and to deal with the same and generally to take such steps to minimise the risk of fire and the consequences thereof. 2. To organise, prevent and /or minimise all losses to persons or property of any kind or nature whatsoever arising out of insurable peril of any nature whatsoever on land, sea or air and to take such steps generally as may be necessary to minimize the incidents of losses to the General Insurance Industry. 3. To provide organisation and train men with necessary equipment to attend to the prevention and/or minimisation of losses to persons or property of any kind or nature whatsoever arising out insurable perils of any nature whatsoever. 4. To adopt,organise, suggest and propagate for the prevention and /or minimisation of losses due to fire explosions or by reason of perils to which property in transit either by sea, land or air is subject or any other loss or damages arising by any reason or by accidents caused howsoever. 5. To educate or train members of the public on the measures to be taken to prevent incidents losses and/or damages and to minimise risks to prevent waste of such property. 6. To maintain liaison with insurance , companies, fire advisers. State Government, Factory Inspectors and advisory services, State Electricity Boards, Inspectorates of Explosives, Indian Transport Authorities, Railways, Ship owners, Bureau of Indian Standards, Automobile Associations, Road Transporters, Police, Road Research Institute, Safety First Association, Port Trusts and Customs, Clearing and Forwarding Agencies, Indian Institute of . Packaging and the like. 7. To review existing regulations and practice in the light of experience and to suggest improvements and modifications to ensure safety in operation and to prevent theft, burglary and pilferage and to ensure and encourage enforcement of regulations issued by various organisations. 8. Protection or research at various levels in order to carry out all or any of the objects of the Association. 9. To investigate into causes of losses and build up and keep statistical records