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Universities, a prime target for cyber attacks, are seeing some relief because of the war in Ukraine

Universities, a prime target for cyber attacks, are seeing some relief because of the war in Ukraine
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Tehachapi Railway Museum Educates Community

Insurance Requirements Updated for RFPs and Contracts

Insurance Requirements Updated for RFPs and Contracts Insurance Requirements Updated for RFPs and Contracts Subsite navigation May 7, 2021 Ohio University Enterprise Risk Management & Insurance in collaboration with the IUC-RMIC (Risk Management & Insurance Consortium) have updated the Recommended Insurance Requirements for new RFPs and Contracts.  These requirements can be found here on the Risk Management webpage.  Some significant changes for new contracts and renewals only:  Employers’ Liability has increased from $500K to $1M, and the Cyber Liability (for contracts with service providers who have access to credit card information, student or employee records, health records, or any other Personally Identifiable or Protected Health Information) has risen from $1M to $5M.  While the increase for the Employers’ Liability was not a surprise, the Cyber Liability requirement reflects the negative impact the pandemic has had on the industry. 

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