MLchartDataset catalogue

Contractual risk transfer

Term · Insurance and risk management · MLC-T-INS-000957

The process of shifting financial responsibility for certain risks from one party to another through a written agreement. This is commonly achieved through indemnity clauses, hold harmless agreements, and insurance requirements within contracts. It is a fundamental risk management technique used to allocate potential losses among parties involved in a project or transaction.

Table 1. Record
IdentifierMLC-T-INS-000957
FieldInsurance and risk management
SubjectCommercial Liability
Record as JSON 
{
  "id": "MLC-T-INS-000957",
  "term": "Contractual risk transfer",
  "field": "Insurance and risk management",
  "definition": "The process of shifting financial responsibility for certain risks from one party to another through a written agreement. This is commonly achieved through indemnity clauses, hold harmless agreements, and insurance requirements within contracts. It is a fundamental risk management technique used to allocate potential losses among parties involved in a project or transaction.",
  "subject": "Commercial Liability",
  "url": "https://mlchart.com/terminology/insurance/contractual-risk-transfer/"
}

Record 772 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.