Risk transfer is most often accomplished through an insurance policy. In very simple terms, if a worker is injured, the insurance company pays the cost. Provider organizations have the option to lower this fixed employee expense by modifying the financial risk the insurance company assumes.
More recent influences affecting the decision to review risk transfer agreements include:
250 Employees or More
Updates in Operational Efficiencies
Increased Employee Communication Efforts
Recent Investment in Human Capital/ Recruiting Technology
Risk Transfer