What do we understand by mitigation?why is it important?Give three examples of non-structural mitigation?
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Mitigation means reducing risk of loss from the occurrence of any undesirable event. This is an important element for any insurance business so as to avoid unnecessary losses. Mitigation is important because it is the full understanding of the nature of threat.
Three examples of non structural mitigation are:-
Hazard Mapping, Public education, Regulating land use.
Three examples of non structural mitigation are:-
Hazard Mapping, Public education, Regulating land use.
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