Risk Avoidance : To completely eliminate the chance of a particular type of loss.Loss Prevention : To reduce (but not totally eliminate) the chance of a given loss:
Loss Reduction : To reduce the severity of those losses which do occur;
Separation or Diversification of Loss Exposure : To reduce concentration of value subject to a single accident and to make aggregate losses more predictable:
Non-Insurance Transfers : Rid the organization of any responsibility for the loss: