Where can I learn more about insurance obligations and the university’s insurance requirements - FAQ18

The Office of Risk Management and Insurance maintains the university’s standard insurance and indemnification requirements. Insurance is required to be addressed in most contracts with university contractors to ensure that there are funds to cover identified losses to the university (such as bodily injury, property damage, or liability exposure) caused by an act or failure to act on the part of the contractor. The types of insurance and limits required are tailored to particular activities, and take into account the severity of the potential loss and not just the value of the contract.

Risk Management has prepared the Contract Insurance Matrix, available on their website. It sets forth the university’s standard insurance requirements for certain types of transactions and services. Notwithstanding the foregoing, Risk Management should always be consulted regarding specific insurance requirements. Risk Management’s review and approval of indemnification and insurance clauses is often required as part of the contract review process which is explained in Collateral Review of the Contract Section VI, the Step-By-Step Instructions: Contract Review and Approval with the Office of General Counsel. For any questions regarding indemnifications and insurance, please contact Risk Management at riskgwu [dot] edu.