Risk Avoidance

Posted on by
Avoidance of risk, mitigation
Image Source

Avoidance refers to avoiding the risk that is found altogether. When mitigating risk, there are four strategies used, one of them being avoidance. Avoidance is to avoid the risk altogether; an example would be having a business step away from related business activities that cause the risk.

Related Terms: Risk Mitigation, Risk Acceptance, Risk Transfer

To learn more about these strategies, watch this short video:

Share this on your social networks. Help Friends, Family, and Colleagues become more aware and secure.