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Risk Management Expert Witness On The Transfer Of Operational Risk

In Building A Box Around Murphy’s Law, risk management expert witness Donald Bendure writes on how to approach the transactional transfer of operational risk.

Always include insurance requirements of your sub-contractors.
Be aware and satisfy imposed insurance requirements in contracts you sign.
Monitor certificates of insurance issued to satisfy contractual insurance requirements.
For certainly, request a copy of the policy endorsement satisfying the requirements.

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