Loss prevention and control:
A) eliminate risk
B) are an alternative to self insurance
C) reduce the probability and severity of loss
D) directly minimize the probability of a natural disaster occurring

Question

Quizplus · Accepted Answer

Loss prevention and control aim to reduce the probability and severity of loss by identifying and managing potential risks. They do not completely eliminate risk and are not an alternative to self-insurance. While loss prevention measures such as building maintenance and fire safety systems can indirectly minimize the probability of a natural disaster occurring, they do not directly do so. Therefore, option C is the best choice.

Loss Prevention and Control