Proven Strategies For Effective Risk Transfer and Maximizing Insurance Recovery

Association of Corporate Counsel

 Share  print   Print        Download PDF

PUBLISHED ON: May 8, 2012

As corporations deal with continuing financial challenges and budget pressures, maximizing insurance coverage and effectively transferring risk have never been more critical. Each of these goals requires an approach that embraces far more than simply buying and renewing the right policies or relying upon form indemnification language. Successful risk transfer necessitates careful and comprehensive analysis and strategy well prior to the occurrence of a loss or claim. The difference between an insurance claim being paid or denied may hinge on adherence to key principles. Following these proven strategies will vastly increase the odds that your company maximizes insurance recovery and effectively
transfers risk.