Contractual Risk Transfer 101
1/16/25 at 9:00 AM to 1/16/25 at 11:00 AM
Contractual risk transfer is a legally binding way to transfer risk to the party that may be in the best position to control the risks related to the service to be provided. Contractual risk transfer occurs when the language in a non-insurance agreement excuses one party from financial or legal responsibility associated with specific actions, inactions, injuries, or damages. When effectively applied, contractual risk transfer can save your agency thousands – or even millions – of dollars in the event of a claim.
This training will review contractual risk transfer fundamentals, including:
- Key elements of risk transfer
- Indemnity and Insurance clauses
- Determining appropriate insurance limits
- Certificates and endorsements
- Waivers of subrogation
- Case studies
Contractual Risk Transfer Resources
Contractual Risk Transfer Procedure Manual
Speaker:
Dr. Robert May’s main career focus has been in the public sector. He has a broad depth of municipal and special district experience and worked for over thirty years in the California fire service. Bob is also the former Risk Management Program Manager for a California risk pool. His responsibilities included providing risk management guidance to members include reviewing contracts or agreements for appropriate risk transfer and insurance specification language, providing input on risk exposures associated with member-sponsored activities and events, providing field assistance, and discussing program coverage issues with members.
Who should attend:
Employees in finance, administration, human resources, parks and recreation, engineering, public works, the city attorney, and any PERMA member interested in better understanding contractual risk transfer.