What Does Risk Reduction Mean?

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What does Risk Reduction mean? Read on to discover the definition & meaning of the term Risk Reduction - to help you better understand the language used in insurance policies.

Risk Reduction

Risk Reduction

Risk reduction, or loss mitigation, is a risk management technique. It refers to the way an insurance company can reduce its financial losses by implementing measures that will prevent actualizing risks or minimizing the number that can actually happen.

We hope the you have a better understanding of the meaning of Risk Reduction.

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