Contract Insurance

Indemnification and insurance is generally required of vendors and service providers who contract with The George Washington University because their good or services could result in bodily injury, or property damage and thus expose the University to loss. The standard indemnification attempts to make the vendors and service providers contractually responsible for loss which results from their activities. The types of insurance and limits required are tailored to the activity and the loss severity potential and not the value of the contract. Accordingly, Risk Management has prepared the Contract Insurance Manual to familiarize administrators of contacts with the standard indemnification and insurance required by the University.