Whether it is a consent form at a hospital, a liability waiver for a team sport or a permission slip for a school field trip, many people sign risk transfer forms with only a cursory thought to what they are agreeing to. If they want to participate, they may feel they have little choice other than to go along with whatever is written on the form. But in the business world, risk transfer forms should not be signed without giving attention to the details and considering the potential outcomes. The fine print of the documents you sign or require your contractors to sign is just as vital to your risk control strategy as having good fire suppression equipment or an effective building security system.
