What Does Contractual Risk Transfer Mean?
What does Contractual Risk Transfer mean? Read on to discover the definition & meaning of the term Contractual Risk Transfer - to help you better understand the language used in insurance policies.
Contractual Risk Transfer
The use of contractual obligations such as indemnity and exculpatory agreements, waivers of recovery rights, and insurance requirements to pass along to others what would otherwise be one's own risks of loss.
We hope the you have a better understanding of the meaning of Contractual Risk Transfer.
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