MLchartDataset catalogue

Noninsurance risk transfer

Term · Insurance and risk management · MLC-T-INS-002342

A method of shifting the financial burden of a potential loss from one party to another through contractual agreements other than an insurance policy. This can involve hold-harmless clauses, indemnification agreements, or surety bonds. It is a common strategy in construction contracts and service agreements to allocate liability.

Table 1. Record
IdentifierMLC-T-INS-002342
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002342",
  "term": "Noninsurance risk transfer",
  "field": "Insurance and risk management",
  "definition": "A method of shifting the financial burden of a potential loss from one party to another through contractual agreements other than an insurance policy. This can involve hold-harmless clauses, indemnification agreements, or surety bonds. It is a common strategy in construction contracts and service agreements to allocate liability.",
  "url": "https://mlchart.com/terminology/insurance/noninsurance-risk-transfer/"
}

Record 2,340 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.