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Managing contractual risk can be challenging, increasingly so as additional insured status has been eroded over time. (Photo: Shutterstock)

In any contractual relationship, it’s important for the parties involved to properly allocate their combined risks.

Contractual risk transfer identifies critical exposures and assigns responsibility for preventing and paying for losses — but it’s not always an easy process. However, protecting your organization’s assets and bottom line is worth the effort.

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