What is the Assumption of Risk? | Front Range Injury Attorneys
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Express assumption of risk is a straightforward acknowledgment by an individual that they willingly accept the potential dangers of a hazardous activity. Often, this acknowledgment is formalized through the signing of a liability waiver. Such waivers are prevalent in various situations, including amusement parks, sporting events, vehicle rentals, adventure activities like bungee jumping and skydiving, cruises, and even routine medical care.
When a person expressly assumed risk for activities, this limits their options to recover compensation if they sustain injury during an activity. There are exceptions, particularly if the injury occurs as a result of the gross negligence of another party involved.
Implied assumption of risk occurs when an individual knowingly engages in a potentially perilous activity without a formal agreement, either written or verbal. In such cases, it is understood that the person is aware of the risks but proceeds nonetheless.