In legal terms, what is the written explanation of how a loss occurred called?

The term that describes the written explanation of how a loss occurred is known as a "Statement." In the context of workers' compensation and insurance, a statement typically refers to a detailed account provided by the claimant, witnesses, or involved parties regarding the circumstances that led to the incident. This document is crucial in the process of assessing the validity of a claim and determining liability.

A statement often includes specific details such as the time, place, and manner in which the loss occurred, as well as any contributing factors. This helps adjusters and legal professionals to understand the nuances of the incident and makes it easier to process the claim effectively.

The other terms, while related to claims and losses, serve different purposes. A loss notification is generally an initial report informing an insurance company about an incident but doesn’t provide an in-depth explanation. A deposition is a legal term related to the sworn testimony given by witnesses during litigation, rather than a summary of events leading to a loss. The notice of loss form is typically a formal document submitted by a claimant to notify the insurer of the loss but may not detail the circumstances like a statement would.