Contractual risk transfer is the ability to transfer a risk/loss from one party to another party through the language written in a contract. Contractual risk transfer is when the language in a non-insurance agreement excuses one party from financial or legal responsibility associated with specified actions, inaction, injuries, or damages. In contractual risk transfer, one party agrees to indemnify and hold another party harmless in a contract. The indemnitor, backed by their own insurance policy, accepts the liability in the indemnitee’s place.

Alpha Risk will review your contracts and update them as necessary.

• Property Management Agreements
• General Contractor Agreements
• Subcontractor Agreements
• Vendor Agreements
• Mortgage Agreements
• Partnership Agreements
• Tenant Leases