2025 Loss Prevention Fund: What You Need to Know Before Applying

HAI Group® proudly offers the annual Loss Prevention Fund, a competitive reimbursement program available for eligible HAI Group members and is backed by a $3.5 million pool of funds.   

Housing agencies: Now is your opportunity to receive funding for risk management and loss prevention products or services. Through this program, you can complete projects that create a safer environment for your residents while delivering financial benefits for your organization and HAI Group through loss mitigation.   

Applications will be accepted from March 1, 2025, to May 31, 2025.   

Below are some of the more common questions about the Loss Prevention Fund, including how you can apply, examples of funded projects, and more.

Who is eligible for the program?   

You must be a member of HAI Inc. for your application to be considered.   

What projects will the program fund?   

Funding may be used for projects that help prevent losses, improve the life safety of your residents, enhance your risk management programming, or improve your cybersecurity.  

Three examples of recently approved projects include:  

Fire Safety: One housing agency used the funds to install FireAvert Auto Stove Shutoff devices across all its units. Compatible with electric and gas stoves, stoves with FireAvert devices automatically shut off when a smoke detector is triggered, reducing fire risk. FireAverts are plugged into wall outlets, making installation easy, and have a 25-year life expectancy.  

Physical Security Enhancement Project: Focused on improving physical security measures to ensure compliance with state legislation designed to protect multifamily housing property owners from liability when implementing crime prevention and security initiatives. Actions included:  

• Security cameras: Installed at key entry and exit points. Video footage is retained for at least 30 days to monitor and deter potential security threats.  

• Parking Lot Lighting: Installed throughout parking areas to ensure proper illumination from dusk to dawn, enhancing visibility and safety.  

• Lighting in Common Areas: Put in walkways, laundry rooms, shared spaces, and porches to illuminate the area from dusk to dawn for consistent safety and security throughout the property.  

In addition, the agency partnered with a third-party security firm to conduct a Crime Prevention Through Environmental Design (CPTED) assessment. The assessment revealed areas where design, layout, or space use might contribute to security risks and provided actionable recommendations for further improvements to the property’s safety and crime prevention efforts. 

The Stonington (CT) Housing Authority was awarded LPF funds in 2020 to offset the cost of installing 19 new security cameras, transmission equipment, and a receiver for the agency’s office. Read more about it on the HAI Group Blog. 

Similarly, the North Providence (RI) Housing Authority used LPF funds for a new state-of-the-art security camera system, part of a security initiative emphasized by Executive Director Marilee Arsenault. 

Cybersecurity: A housing agency used LPF funds to enhance cybersecurity awareness and strengthen protective measures through various initiatives, including:  

• Multifactor Authentication (MFA): Implemented two-factor authentication for all staff email accounts to bolster account security.  

• Cybersecurity Training: Partnering with KnowBe4 to conduct simulated phish attacks and assess staff readiness. Phishing emails are sent via Microsoft Outlook to evaluate users’ cybersecurity awareness. Staff who engage with the emails must complete additional training modules to reinforce safe practices.  

• Continuous Data Backups: Establishing two robust backup systems using the Barracuda platform.  

• Firewall, Antivirus, and SonicWall Upgrades: Strengthening network defense through upgrades to firewalls, antivirus software, and SonicWall security appliances.  

Additional examples of projects include:   

• Fire stops or auto-out canisters   

• Automatic sprinkler head shutoff devices   

• Purchasing or upgrading a security surveillance system   

• Subscription to a risk management association   

• Motor vehicle reports for employees operating vehicles for your agency   

• Purchasing or upgrading of a building system or fire protection equipment   

• Installation or upgrading of security lighting   

• Improvements to sidewalks or parking lots   

• Implementation of a multi-factor authentication system   

• Password management services   

• Implementation of a firewall   

For safety-oriented building upgrades, check out the HAI Group Blog, where we detail fire, security, electrical, and other risk mitigation tactics to protect your property eligible for the LPF. 

Can I apply for a project that has already been completed?   

Of course! Projects completed previously and falling within the program’s parameters are eligible for submission. However, they must have been completed no earlier than March 1, 2024.   

Visit our website for more information about the Loss Prevention Fund program and complete rules and requirements.   

If you have additional questions, please contact your dedicated HAI Group risk control consultant.   

Interested in becoming an HAI Group policyholder? Our Business Development team is available to work on a tailored product that meets your organization’s needs.   

This article is for general information only. HAI Group® makes no representation or warranty about the accuracy or applicability of this information for any particular use or circumstance. Your use of this information is at your own discretion and risk. HAI Group® and any author or contributor identified herein assume no responsibility for your use of this information. You should consult with your attorney or subject matter advisor before adopting any risk management strategy or policy.  

HAI Group® is a marketing name used to refer to insurers, a producer, and related service providers affiliated through a common mission, management, and governance. Property-casualty insurance and related services are written or provided by Housing Authority Property Insurance, A Mutual Company; Housing Enterprise Insurance Company, Inc.; Housing Specialty Insurance Company, Inc.; Housing Investment Group, Inc.; and Housing Insurance Services (DBA Housing Insurance Agency Services in NY and MI).