Please answer each question

Identify and describe the major categories of damages that can be awarded for a loss. 7. 7 points Match the sentences to the answers below: - A risk control technique that reduces the severity of a particular loss. - This technique transfers the exposures to a third party and typically, this occurs in a contractual transfer, such as a hold harmless or indemnification agreement. - The process of making and implementing decisions that will minimize adverse effects of accidental losses on an organization. - A risk control technique that involves ceasing or never undertaking an activity so that the possibility of a future loss occurring from that activity that is eliminated. - A risk control technique that reduces the frequency of a particular loss. - A conscious act or decision not to act that reduces the frequency and/or severity of losses that makes losses more predictable. - The technique of mitigating effects of losses after they occur. Answers: A. Non-insurance risk transfer B. Risk management C. Loss reduction D. Risk control E. Avoidance F. Claim management G. Loss prevention