A university’s guide to achieving savings through contractual risk transfer

By Micah J. M. Knapp. As highly visible institutions with perceived “deep pockets,” colleges and universities are targets for lawsuits arising from injuries and property damage only tenuously tied to the schools’ actions. The negligence of contractors, vendors, and professional service providers can and do land universities in court where they pay millions of dollars to defend and settle claims — from simple slip-and-falls to sexual assaults to privacy claims arising from massive data breaches. More...