Learn about the use of contractual obligations such as indemnity, waivers of liability or recovery rights and insurance requirements to pass along to others what would otherwise be one's own risks of loss.
Contractual risk transfer is a legally binding way to transfer risk to the party that may be in the best position to control that risk.
Members enter into a variety of contractual agreements or other arrangements. These agreements range from:
Service Provider Agreements
Use of Member Property for:
All of these agreements may expose the member to liability. Understanding the potential risks and effectively transferring those risks should be an important part of each Member's risk management procedures.
Susan Garvey, IRMA Director of Legal Services, will share her insight and address: