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assumption of risk

   Also found in: Legal, Wikipedia 0.06 sec.
assumption of risk,
n the voluntary acceptance of the potential hazards associated with a particular form of treatment by a patient.
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While most forms of insurance involve the assumption of risk and the provision of financial indemnity, title insurance focuses primarily on loss prevention and the elimination of risk through thorough title searches, said James Maher, executive vice president of the American Land Title Association.
A new chapter in title insurance: state and federal probes are ... by Lehmann, R.J. / Best's Review
It should have a waiver of liability and assumption of risk document that has been approved by its attorney and its insurance company.
Whitewater woes: paddling through the river rental business can be ... by Councill, Ed / Parks & Recreation
Participation requires the acceptance of an assumption of risk.
Do you have a risk management game plan in place? by Rice, William "Billy" / Coach and Athletic Director
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