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Risk Transfer

Why Risk Transfer?

We rely on third-party organizations to deliver services and resources every day. This interaction creates a business relationship that can sometimes establish liability for the actions of a third party for the initial party. Often the legal complaint is an allegation of negligence by the initial party.

Claim Example:

Are Your Bleachers Safe? A Quick Checklist

A property owner decides to lease out the gymnasium on their property on the weekends. The tenant decides to host semi-professional basketball tournaments in the gymnasium and invites the public onto the property without notifying the owner. Unfortunately, an attendee of one of the tournaments fell from the bleachers and suffered severe injuries that left the individual disabled and requiring care for the rest of their life.

READ: Help Minimize Risk Through Third-Party Risk Transfer

Step 1: Assess Your Current Risk on Your Contracts

Take the self-assessment on Contracts*

*Make sure you are logged in to proceed to the self-assessment

Step 2: Visit other Resources