Keyword Analysis & Research: mitigation meaning

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What does mitigation really mean?

Definition: Mitigation means reducing risk of loss from the occurrence of any undesirable event. This is an important element for any insurance business so as to avoid unnecessary losses. Description: In general, mitigation means to minimize degree of any loss or harm. In insurance contracts ...

What is the significance of mitigation?

The goal of mitigation is to save lives and reduce property damage. Mitigation can accomplish this, and mitigation actions should be cost-effective and environmentally sound. Mitigation can reduce the cost of disasters to property owners and all levels of government.

What does mitigate means?

The duty to mitigate works to deny recovery of any part of damages that could have been reasonably avoided. "Reasonably avoided" has no specific definition, but generally means what a reasonable person would do under similar circumstances.

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