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 2025.1 includes the following modifications:

  • Multiple Coverage Contract Endorsements: In Chapter 2, a note has been added regarding new multiple coverage contract endorsements that are being found in the marketplace. These combine previously individual endorsements into single omnibus endorsements. Coverages tend to only be effective if they are specifically required by written contract or agreement between parties. When encountering these endorsements, they should be inspected to ensure they are “at least as broad as” the corresponding coverage provided by standard ISO endorsements. Particular care should be taken because these omnibus endorsements are customized by the issuing insurance company and are therefore non-standard endorsements.
  • Cyber Risks: In Chapter 4, clarifications have been made regarding the recommended insurance requirements for agreements involving information technology. A particular emphasis has been added on technology errors and omissions coverage and how this differs from traditional cyber liability. Pixel tracking exclusions have also been added to the Emerging Risks section of the IRIC.
  • Parks & Recreation Risks: In Chapter 7 of the IRIC, clarification has been added that other municipalities should be wary of some perils traditionally associated with schools. In particular, entities with parks and recreation departments that operate daycares, camps or recreational activities should make sure they have adequate sexual abuse and molestation (SAM) coverage.
  • Student Placement Agreements: In Chapter 8, the section on student placement agreements has been expanded. Situations arise when students need hours of real-world practicum experience to graduate, so the schools enter agreements with host organizations to provide that experience. When the students are working for the host organizations, complex negotiations can arise regarding insurance requirements and indemnification for loss arising out of the actions of students; there can be contention between the school and the host organization over whose insurance should cover these potential incidents.

For questions or additional information, contact Dan Howell, Senior Executive Vice President, Alliant Insurance Services, Inc.