 Earthquake insurance can provide building owners with financial protection against losses resulting from earthquakes Emergency management strategies can be employed by a government or organization to mitigate risks and prepare for consequences.Individuals can also take preparedness steps like securing water heaters and heavy items that could injure someone, locating shutoffs for utilities, and being educated about what to do when shaking starts.For areas near large bodies of water, earthquake preparedness encompasses the possibility of a tsunami caused by a large quake.