• A contract that defines each party’s obligations regarding risk of injury
• Modifies Depth, Scope and Flow of Liability fro negligence

Why Transfer Risk?

• As part of a risk management program
• To reduce or eliminate loss
• To control costs
• To free up assets

How is Contractual Risk Transfer Done?

• By Contracts (incl insurance contracts/policies) that define each party’s obligations regarding risk of injury
• Common Methods
  • Hold Harlmless & Indemnity Agreements
  • Subrogation Waivers
  • Insured Contracts
  • Additional Insured Endorsements