(1) Avoidance. The firm could discontinue manufacturing certain ladders and scaffolds that could result in a products liability lawsuit.
2. Loss prevention(2) Loss prevention. The firm could issue detailed instructions on how the ladders and scaffolds can be safely used.
3. Loss reduction(3) Loss reduction. Claims involving injured persons should be promptly investigated.Procedures for providing immediate medical attention to injured persons should beestablished. Such measures can reduce the severity of a loss.
4. Noninsurance transfers(4) Noninsurance transfers. A hold-harmless agreement could be used by which retailersagree to hold Scaffold Equipment harmless if someone is injured while using a ladder orscaffold manufactured by Scaffold Equipment.