Is it correct to say "In order to overcome this loss"?

I am looking for a word that I can use in a situation where I would like to say:

• In order to "overcome" the loss, we have to ... .

I know somehow that the word "overcome" is not correct to use here.

I tried "In order to achieve a lower loss, we have to ..."

Nicole's comment is correct, particularly if loss refers to an emotionally trying event:

If the loss has already happened and you're trying to carry on in spite of it, "overcome" would work. However, if you're trying to prevent the loss from happening in the first place, "prevent" or "avoid" would work better. – Nicole 2014-12-12 16:43:23Z

Both prevent and avoid are good alternatives to overcome if the loss has not yet happened and is not an emotional event.

Note, in order to is verbose; typically, in order adds nothing and can be dropped.

If the loss has already happened, it can still be "mitigated".

Mitigation of loss (steps taken to minimise a loss after a breach of duty has already occurred) is a well recognised feature of English common law.