What type of risk management strategy aims to eliminate hazards?

The avoidance strategy is designed to eliminate risks by preventing exposure to certain hazards. This involves taking actions that completely remove the possibility of negative outcomes associated with those hazards. For example, a business may decide not to engage in a particular activity that it views as too risky, or a homeowner might choose not to have a swimming pool to avoid potential liability and hazards related to it.

In contrast, the reduction strategy focuses on minimizing the chances of a risk occurring or its potential impact, rather than completely eliminating the risk. The transfer strategy shifts the responsibility of the risk to another party, such as through insurance or contracts, instead of eliminating the risk itself. The retention strategy involves accepting the risk as part of normal operations, acknowledging it but not actively mitigating it. Each of these alternatives addresses risk in different ways, but only the avoidance strategy seeks to fully eradicate the hazard.