Insurance Requirements in Contracts Manual 2021 Version Released
Alliant's Public Entity Group maintains the Insurance Requirements in Contracts (IRIC) Manual as a service to the public sector and PRISM members. The manual is reviewed annually for any updates or changes to suggested insurance requirements. The newly released Version 2021.1 includes the following modifications:
New section Emerging Risks
Three updated FAQ's to address:
Certificates of Insurance
Waivers of Subrogation
Indemnity language
Revised Chapter two to include:
How to Evaluate a SIR
Fire Legal Liability
Additional Insured Status
Completely revised Chapter four on Agreements including Cyber Risks, to include:
Essential Privacy and Security Terms
Data Protection Provisions
Compliance with Privacy Laws
Indemnification & Limits of Liability
Updated Sample Insurance Requirements for Agreements Involving Information Technology
Revised Chapter nine to include:
Guide to Additional Insured (AI) Endorsements for Contracts
Updated Lessee's Exhibits
New section Workers' Compensation for Sole Proprietors