Protecting Public Entities In Public - Private Partnerships


Manage episode 277155565 series 1034388
By Public Risk Mgmt Assoc. and Public Risk Management Association (PRIMA). Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
This week we have Amanda Franklin, Director of Risk Management at Wheaton College, explaining Public-Private Partnerships, and how to protect public entities. Public Private Partnerships differ greatly depending on the project - some examples can include: parks, prisons, charter schools, toll roads, university housing developments and hotels. The increase in popularity for Public Private Partnerships is due to aging infrastructure and smaller government budgets, but they’re also rich in complexities that come with the joint venture, so the following points need to be established contractually; as early as possible. Ownership: Public or Private Entity? State Law Immunity Protection Insurance Benefits: availability, price and length of coverage Specific Applicable Insurance Coverage Indemnification and Liabilities Responsibility of Construction and Ongoing Operations Employment Sourcing, Management, and Compensation Risk Reduction and Management The protection of public entities under state law vary for each state, specifically in terms of what a public committee can be sued for and the limitations of how much the public entity can be held liable for damages is particular to the partnership, with most states requiring the partnership to be owned by the public entity in order for Governmental Immunity Protection. In considering the intricacies of Public and Private Entities working together, the Risk Management perspective is invaluable in the process - being able to foresee risks, challenges and implementing safe programs that minimize liability.

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