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Council discusses standardized insurance requirements for city contracts; administration urges caution
Summary
Intro. 1298 would apply standardized, risk-based insurance guidelines across city contracts to reduce barriers for small vendors and nonprofits. MOCS and other witnesses warned that a one-size-fits-all approach could impose undue administrative burdens and undermine necessary contract-by-contract flexibility.
Intro. 1298 would expand standardized, risk-based insurance guidelines to all city contracts, building on Local Law 106 of 2024, which established standards for certain food vendors. Chair Julie Won said the bill aims to reduce widely varying insurance rules that can create barriers for small businesses and nonprofits seeking to contract with the…
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