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Working in Partnerships - Liability Concerns

If your organization enters into formal or informal partnerships to deliver programs or undertake other activities, you may also be taking on new liabilities. Walk through the following checklist when you are developing a partnership.

PARTNERSHIP LIABILITY CHECKLIST

• Assess the risks of the partnership: What new risks or liabilities are created?
• What can you do to reduce this risk through policies, procedures, or other risk management strategies?
  
• Are there any risks or liabilities that need to be insured?
• Which organization(s) will be named on the insurance policy?
• Request a certificate of insurance from your partner(s) to ensure they have coverage for their liabilities.
• Do any members of the partnership need to add other members to their insurance policies as “additional insured” parties?
• Is your organization handling the funds for the partnership (the fiscal agent)? Talk to your broker or agent as you may have additional liabilities.