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This type of caution is typically practiced by institutions and larger private sector organisations seeking to minimise exposure to personal injury or similar legal claims but has during the early part of 2020 increasingly been adopted by individuals seeking to cover up their total panic on realising their previous publicly stated position on a matter of significant risk was riddled with hubris and incoherent bravado.
“...out of an abundance of caution, temperature checks are now being performed on any individuals who are in close contact with the President and Vice President...”
An irritating cliche, basically meaning to be very careful or to make certain of something.
Especially overused during the COVID-19 pandemic by administrators and other high-ups in organizations, but it can be used in everyday situations, as well (see below).
“I feel pretty stoned, but out of an abundance of caution, I’m gonna take one more bong hit.”