Risk transfer is a broad term within the financial services and insurance industries. It can be a complicated and sometimes highly technical area of insurance covering a wide range of techniques ranging from simply buying insurance to implementing complex hedging programs. At Axis Insurance, we believe that one of the most important aspects of risk transfer is to shift risks to other parties through contractual arrangements.
Many of our clients can simply achieve this by adding appropriate insurance and indemnity clauses to their contracts with third parties – especially contractors and joint venture partners. It is vital that these conditions are enforced and Axis Insurance Managers can help with this enforcement and establish procedures to ensure proper documentation is kept.
To find out more about how Axis Insurance Managers can transfer your risks through contractual arrangements, please download our comprehensive Guide to Contractual Risk Transfer.