Business continuity planning can start with arts and science and business professors sitting down and designing a viable curriculum in terms of needs and wants. Leave their guns and swords outside the room. Work together.
The topic of litigation exposure that educational institutions may face over their handling of IEPs as the pandemic pushed so many into remote learning is building.
This year, six brokers from across the brokerage field were named as the 2020 Education Power Broker winners. An additional four brokers were named as finalists.
A hard market is expected to continue into 2021, and insurers and universities alike will have to stay creative in their approaches to risk management and underwriting higher education through this financial crisis.
With the frequency and severity of liability claims increasing, colleges and universities will struggle to find affordable coverage in the primary market come renewal time.
While avoiding the risk of community spread by having classes exclusively online is not feasible for many colleges, the risk of spreading the virus can be reduced by banning all mass gatherings, including college football practices, on campus.
Think about what it means if an organization converts to a microservice architecture monitored by a cybersecurity rater. A person knocking on the cyber wall door will trigger risk management responses.
For schools of every level or subject across the entire globe, the academic fall semester will have hiccups. Starting the school year with good risk management will minimize the need for damage control in the long run.