What does Avoidance mean? Read on to discover the definition & meaning of the term Avoidance - to help you better understand the language used in insurance policies.
A risk management technique whereby risk of loss is prevented in its entirety by not engaging in activities that present the risk. For example, a construction firm may decide not to take on environmental remediation projects to avoid the risks associated with this type of work.
We hope the you have a better understanding of the meaning of Avoidance.