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Risk Management Information1LiabilityContractual Risk Transfer Issues: Reviewing Certificates of Insurance Report Number: LB2005 Release Date:March 6, 2015Section Title:ManagementAbstract Because
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Contractual risk transfer issues refer to the process of transferring the financial burden of potential risks from one party to another through a contract.
The parties involved in a contract where risk transfer issues are being addressed are required to file them.
Contractual risk transfer issues can be filled out by providing detailed information about the risks involved, the parties responsible for managing them, and the terms of the transfer.
The purpose of contractual risk transfer issues is to clearly define and allocate the risks involved in a business transaction to ensure that both parties understand their responsibilities.
Information such as the type of risks being transferred, the parties involved, the terms of the transfer, and any relevant insurance coverage must be reported on contractual risk transfer issues.
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