Noninsurance Transfer

Definition of "Noninsurance transfer"

Kim  Murray real estate agent
Kim Murray, Real Estate Agent Platinum Properties Real Estate

Risk management technique for shifting a corporation's exposure from itself. A risk manager looks at many alternatives to insurance to limit the risks a business firm faces. One transfer method is by contract, such as hold-harmless agreements, or to insert in an existing contract an endorsement stating that the business firm will not be responsible for something that would normally fall within its responsibility.

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