When a contract calls for activities that will occur on University property or when the university is conducting activities on another party’s property, a contract provision requiring the other party to provide insurance coverage is required.
For more information regarding insurance requirements, contact the director of risk management. The insurance shall include provisions specifying that the insurance cannot be amended, cancelled, or renewed without at least 30 days prior written notice to Ball State. All policies shall be issued by insurance companies satisfactory to Ball State. Before commencing work under the contract and thereafter at least once per year during the term of the contract, the contractor shall provide a copy of the documentation satisfactory to Ball State evidencing compliance with all of the insurance requirements.
Guidance for Negotiating Insurance Terms in Speaker Agreements
When utilizing a standard speaker agreement, the liability and/or workers’ compensation insurance requirements may be waived at the discretion of Business Affairs/Risk Management. The decision to waive the insurance provision for speakers depends on factors such as the nature of the event, the venue, and the speaker's role. Generally, insurance requirements may be waived for speakers serving as guest lecturers in academic or similar settings due to the low risk associated with such events.
Ultimately, the decision to waive insurance provisions must be made judiciously, considering factors such as event risk, available resources, and legal obligations. Collaboration with risk management ensures that appropriate measures are taken to mitigate liabilities while meeting the needs of all parties involved.
In cases where there is no payment or the payment is $1,000 or less, alternative terms can be considered, as detailed in the Speakers/Presenters Advisory
Document.
When the
contracting party is a legal entity, such as a corporation or LLC, it's
imperative that the insurance provision remains intact within the agreement.
This provision serves as a critical safeguard, offering liability protection
against any unforeseen accidents or incidents during the event. By upholding
this insurance requirement, both the speaker and the university are shielded
from potential liabilities associated with their professional activities
throughout the term of the engagement.