What Latin warning phrase attempts to transfer risk to users or customers, meaning 'Buyer Beware'?
Caveat emptor Caveat emptor Caveat emptor (, ) is Latin for "Let the buyer beware" (from "caveat", "may he beware", a subjunctive form of "cavēre", "to beware" + "ēmptor", "buyer"). Generally, "caveat emptor" is the contract law principle that controls the sale of real property after the date of closing, but may also apply to sales of other goods. The phrase "caveat emptor" and its use as a disclaimer of warranties arise from the fact that buyers typically have less information about the good or service they are purchasing, while the seller has more information. The quality of this situation is known
Alternative risk transfer risk transfer and retention, alternative risk transfer gives companies protection at a low cost, to the benefit of both insured and insurer. Many programs that consolidate risk through instruments, such as enterprise risk management programs, can reap in benefits as a result of the alternative risk transfer program being implemented. In addition from cost reductions, alternative risk transfer programs are not as easily influenced by the market, allowing stability and a more predictable market from risks. It is also similar to a surplus lines market to where it also attempts to cover, through financing or transferring, non-traditional exposures and risks,