Insurance Requirements In Contracts - Tips For Effectively Transferring Risks

Public Risk Management

Insurance Requirements In Contracts - Tips For Effectively Transferring Risks James Curbeam, Director of Risk Management at Las Vegas Valley Water District, and CourtneyRamirez, First Vice President of Property & Casualty at Alliant Insurance Services, share tips for effectively transferring risk for Insurance Requirements in Contracts. They start by addressing the longstanding question of How much insurance is enough? The benefits to standardizing policies and procedures, and how to further streamline language and reviewing requirements. They discuss how the changes from the overall market, and increased litigation costs have impacted coverage requirements and limits, emerging trends - such as cybersecurity, how to manage Cyber Risk in contracts and ISO changes that have affected coverage application.