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 2023.1 includes the following modifications:
New Limited Wrap Exclusion CG 21 31 with an explanation of why contracts should require it rather than the old CG 21 54
Updated Additional Insured (AI) Charts & Comparison of AI Endorsements
Further clarification on The Myth of "Following Form" Coverage
More detail on Developer Bonds for infrastructure deeded to a municipality
Minimum Limits required from Vendors reviewed and increased where appropriate
For questions or additional information, contact Dan Howell, Senior Executive Vice President, Alliant. |