What are the main techniques to treat a hazard pure risk?

Pure Risk include fire, earthquake, theft etc. In case of fire risk, through improved security measures the impact of fire risk can be reduced.Through Insurance , though we cannot stop the risk but can reduce the impact of loss.There are mainly4 ways of managing risks including prevention, retention, reduction and transfer.

The4 T's

Tolerate or risk acceptance .....  when the risk impact and likelihood are low

Treat   ....... when the risk impact is low yet the likelihood is high

Transfer or risk sharing  ....... when the risk impact is high and the likelihood is low 

Terminate  ...... when the risk impact and likelihood are high

Very well elaborated by Ms. Nancy. I would like to add a few things:  

Hazard (pure) risk treatment should be considered in the following priority order:

 

1- Elimination (Remove the hazardous equipment or discontinue the hazardous process)

 

2 - Substitution/Reduction (Substitute the hazardous part of the equipment or hazardous part of the process with a safer option). 

 

3- Isolation ( Isolate the people from the equipment or process).

 

4- Engineering Controls (Use of measures to change the equipment or the environment in which the process is undertaken).

 

5- Procedures and Training ( Systems of work or safe work procedures). 

 

6 - Personal Protective Equipment (PPE includes overalls, aprons, footwear, gloves, safety glasses, face shields and respirators).

Risk Assessment and Treatment options must be selected to modify them. Treatment options will vary, and the negative or positive effects of the uncertainty on the organization should be considered. The goal of risk treatment is to modify identified risks to assist the organization in meeting its objectives.The risk treatment process is continuous and entails examining each risk treatment option (or combination oof options) in terms of whether it leads to a tolerable level of residual risk . It also involves selecting and implementing a risk treatment option or options, and measuring the effectiveness of each option selected

There is so many different techniques to know the hazard for pure risk we can follow four rules. We can either1.Avoid risk for eg. Not driving a car in crowded place to avoid the risk of accident.2 .controlling. We can try to control risk by taking some steps eg. We can drive carefully and follow the rule to keep ourselves and other safe .3.Retaining the risk if we will be able to handle all losses through our self.4. Transfer. Is also know as insurance. Simply transfer our risk to insurance co.

Available risk treatment techniques include these

:•Avoid the risk

•Modify the likelihood and/or impact of the risk

•Transfer the risk

•Retain the risk

•Exploit the risk

fire  fighting  arranegements must be do ne  .  all buildings  and stocks  must be got insured