Subcontractors routinely accept risks passed down contractually from upstream parties, but many do not consistently pass appropriate risks down to their sub-subcontractors. As a result, a disproportionate amount of project risk resides in the subcontractor’s insurance program and, ultimately, its balance sheet. After this session, you will recognize the importance of fair but effective subcontract risk transfer and be able to explain how even a basic risk transfer program can benefit your company. You will also be ready to prepare basic steps for establishing such a program.
CPCU, ARM, CRIS,
International Risk Management Institute, Inc.
- Specialized Knowledge & Application
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