Focus

An informed choice allows you to decide what works for you.

Risk Advoidance
  Avoidance means a certain loss exposure is never acquired, or an existing loss exposure is abandoned. The chance of loss is reduced to zero.

It is not always possible, or practical, to avoid all losses.

Risk Retention/Assumption
  Retention means that the firm retains part or all of the losses that can result from a given loss.

Retention is effectively used when:

• No other method of treatment is available.
• The worst possible loss is not serious.
• Losses are highly predicatble.

Risk Reduction
  Reduction means to mitigate the potential for loss. Some easy methods of reduction are...

• Install fire alarms.
• Purchase fire extinguishers.
• Add exterior lighting.

Risk Transfer
  Transferring means to outsource or insure by purchasing insurance. In short, put the risk on the insurance company.