Why is this important?
As a charitable academic institution, UCL has a duty to protect its staff, students and assets, as well as to operate within the insurance cover it holds. This is in line with guidance from the Charities Commission as well as good practice in terms of general risk management.
What is UCL’s position?
UCL seeks a balance in accepting its reasonable responsibilities in relation its activities but also aims to minimise exposure to undue liability. This includes a number of steps such as capping of UCL’s financial liability under its research agreements; limiting liability to losses or damages that are proximate and exclusion of staff and students from personal liability under the contract. In addition, UCL cannot guarantee the success of the project or the results, nor provide warranties or indemnities in relation thereto. Additional clarifications or limits may be sought where appropriate to a specific project.