insurance waiver

An insurance waiver is a document releasing one party from liability or excusing another from standard insurance requirements.

Before risky activities like skydiving or rock climbing, participants sign waivers acknowledging danger and agreeing not to sue for injuries: Everyone had to sign an insurance waiver before the zip-line tour.

In other contexts, a waiver exempts someone from mandatory coverage—an employee might waive workplace health insurance because a spouse's plan already covers them.