An additional insured is a person or organization not automatically included as an insured under an...
contractual risk transfer
Contractual risk transfer is 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.
Related Terms
Contractual liability is liability imposed on an entity by the terms of a contract.
Contractual liability insurance covers liability of the insured assumed in a contract.
A hold harmless agreement is a provision in a contract that requires one contracting party to...
Risk management techniques are the methods for treating risks.
A waiver of subrogation is an acknowledgment by an insurer that it has no right to subrogate...
