Risk Transfer

Risk transfer is a risk management strategy that involves shifting the risk of loss to another party. In aviation, risk transfer can occur through insurance policies, contracts, or other legal agreements. For example, an airline may transfer the risk of aircraft damage or loss to an insurance company by purchasing an insurance policy. Similarly, an aircraft manufacturer may transfer the risk of product liability to a supplier by including indemnification clauses in their contract. Risk transfer can help aviation organizations mitigate their exposure to financial loss and protect their assets in the event of an accident or incident.
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