We investigate the behaviour of single-channel theoretical models of cold and ultracold collisions that take account of inelastic and reactive processes using a single parameter to represent short-range loss. We present plots of the resulting energy-dependence of elastic and inelastic or reactive cross-sections over the full parameter space of loss parameters and short-range phase shifts. We then test the single-channel model by comparing it with the results of coupled-channel calculations of rotationally inelastic collisions between LiH molecules and Li atoms. We find that the range of cross-sections predicted by the single-channel model becomes increasingly accurate as the initial LiH rotational quantum number increases, with a corresponding increase in the number of open loss channels. The results suggest that coupled-channel calculations at very low energy (in the s-wave regime) could in some cases be used to estimate a loss parameter and then to predict the range of possible loss rates at higher energy, without the need for explicit coupled-channel calculations for higher partial waves.