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Browse through a collection of more than 100 articles and model forms in the MCIT Resource Library. Use the search tools to the left to narrow in on the appropriate resource.
15 Articles found | Contracts
May 2021 | Article | Uploaded in:
Tips for how to work with independent contractors to ensure that they have adequate liability insurance limits in place to match the member's policies and projects risk exposures.
May 2021 | Article | Uploaded in:
Insurance comes in two forms—occurrence and claims made. The form of a contractor's insurance can have a significant impact on how, or even if, a contractor’s coverage will apply when a loss occurs. This often confusing aspect of insurance coverage sparks frequent questions from members, which MCIT answers here.
May 2021 | Article | Uploaded in:
To have sufficient financial resources to cover a potential loss, the county fair vendor or exhibitor should agree to maintain adequate insurance coverage with appropriate liability limits and provide proof of that coverage via a certificate of insurance. Article explains the importance of obtaining, reviewing and managing certificates of insurance coverage.
May 2021 | Article | Uploaded in:
An important part of the risk management process is placing the responsibility for negligent actions with the negligent party. Members should take four steps to verify coverage for vendors and exhibitors at the fair. This ensures that county fair/agricultural society vendors and exhibitors (a.k.a. independent contractors and service providers) not only accept responsibility for their acts, but are able to follow through with the ability to pay for any resulting damages.
March 2021 | Article | Uploaded in:
There are a host of items to check off in preparation for a public building project. One is ensuring that contractors provide valid bonds for construction projects.
February 2021 | PDF | Uploaded in:
"Risk Management Resources for Historical Societies" provides valuable information about the 10 most common questions and concerns from historical societies regarding risk management.
August 2020 | Article | Uploaded in:
Assumption of liability, sufficient liability limits and proper coverage should be three contract issues to watch when management reviews agreements.
April 2020 | PDF | Uploaded in:
Understanding the potential risks involved in a contract with an independent contractor and effectively transferring those risks should be an important part of each member’s risk management procedures. Knowing what the insurance language in the contract means is one means to doing this.
March 2020 | PDF | Uploaded in:
A Certificate of Insurance provides written verification of the coverage and liability limits that the contractor has purchased. Article reviews the importance of the document, reasons for obtaining one, what to look for in a certificate of insurance, verifying insurance complies with requirements, and managing the provess.
March 2020 | PDF | Uploaded in:
It is important for members to review legal contracts for potential risks—red flags—before finalizing agreements. Language in contractual agreements may expose members to liability in a variety of ways, such as accepting all responsibility for the parties involved. If members are not careful, they could unintentionally assume unwanted liability.