Contract Insurance Requirements for Vendors or Contractors at Teachers College Columbia University | Study notes Credit and Risk Management

TEACHERS COLLEGE

COLUMBIA UNIVERSITY

Office of Risk Management

CONTRACT INSURANCE REQUIREMENTS

The College's insurance requirements for vendors or contractors whose operations extend to the premises

of the College.

After the award and prior to the start of work, the contractors will provide evidence in the form of current

?^;ifL(?ite^L]?r!^!*a^fi^!?*a,^TLO[^.^A-ddi??naIriIsure(I,Endorsement" certifying the following

applicable coverages. Failure to furnish will result in work not being allowed to commence.

All vendors shall provide Certificates of Insurance evidencing the following and shall maintain at their own

cost and expense, the following types and amounts of primary insurance with insurers rated "A-"((vil" or

better by AM Best and licensed in the State of New York:

WORKERS' COMPENSATION COVERAGE AND EMPLOYERS' LIABILITY: Insurance covering

all employees for Workers' Compensation in accordance with the laws of the State of New York and

minimum limit of $1,000,000 for bodily injury by each employee, accident and by disease under the

Employers'Liability. Such insurance shall be primary over other collectible insurance that may apply.

Teachers Collese Columbia University their affiliates, trustees, officers, aeents and emnlovees

volunteers, and representatives must be named as an additional insured and shall provide a waiver of

subroeation in favor of Teacher CoHeee Columbia University their affiliate. trustees, officers, asent

and employees, volunteers, and representatives

AUTOMOBILE LIABILITY: Insurance for all owned, non-owned, and hired vehicles with limits of

ability of at least $1,000,000 combined single limit per accident for bodily injury and property damage:

Teachers Collese Columbia University their affiliates, trustees, officers, affents and emDlovees

volunteers, and representatives must be named as an additional insured and shall provide a waiver of

subrosation in favor of Teacher Colleee Columbia University their affiliate, trustees, officers, aeents

and employees, volunteers, and reDresentatives. Such insurance shall be prunary over other collectible

ins?rani;e t^at,may apply'The recluired limits of insurance can be satisfied by any combination of primary

and umbrella/excess insurance coverage

^^^?^iALGELNE3AL LI^BXLITY:. Insurance,with a minimum of $1,000,000 covering to

include completed operations advertising injury, bodily injury, property damage, personal-injuiy,

aAcm ffidePendent con.racto.and contractual liabil,ty-with annual ii.its ofliabilityofnot'less

than $1000,000 combined single limit per occurrence. Such insurance shall be primary over other

collectible insurance that may apply. Teachers Collese Columbia University their affiliates, trustees

officers, aeents and employees, volunteers. and representatives must be named as an .additional

insured and shall provide a waiver of subrosation in favor of Teacher Colleee Columbia Universitv

their affiliate, trustees, officers, asents and employees, volunteers, and representatives

H?1?????^/ ^XCE®S LIABILITY: Umbrella / Excess Liability insurance coverage of not less than

US $5,000,000 over the employer's liability, automobile liability, and commercial general habiTity

coverages listed above. Teachers College Columbia University their affiliates, trustees, officers. asents

and employees, volunteers, and representatives must be named as an additional insured

Partial preview of the text

Download Contract Insurance Requirements for Vendors or Contractors at Teachers College Columbia University and more Study notes Credit and Risk Management in PDF only on Docsity!

TEACHERS COLLEGE

COLUMBIA UNIVERSITY

Office of Risk Management

CONTRACT INSURANCE REQUIREMENTS

The College's insurance requirements for vendors or contractors whose operations extend to the premises

of the College.

After the award and prior to the start of work, the contractors will provide evidence in the form of current

?^;ifL(?ite^L]?r!^!a^fi^!?a,^TLO[^.^A-ddi??naIriIsure(I,Endorsement" certifying the following

applicable coverages. Failure to furnish will result in work not being allowed to commence.

All vendors shall provide Certificates of Insurance evidencing the following and shall maintain at their own cost and expense, the following types and amounts of primary insurance with insurers rated "A-"((vil" or better by AM Best and licensed in the State of New York:

WORKERS' COMPENSATION COVERAGE AND EMPLOYERS' LIABILITY: Insurance covering

all employees for Workers' Compensation in accordance with the laws of the State of New York and (^) a

minimum limit of $1,000,000 for bodily injury by each employee, accident and by disease under the

Employers'Liability. Such insurance shall be primary over other collectible insurance that may apply.

Teachers Collese Columbia University their affiliates, trustees, officers, aeents and emnlovees

volunteers, and representatives must be named as an additional insured and shall provide a waiver of

subroeation in favor of Teacher CoHeee Columbia University their affiliate. trustees, officers, asent t

and employees, volunteers, and representatives

AUTOMOBILE LIABILITY: Insurance for all owned, non-owned, and hired vehicles with limits of

ability of at least $1,000,000 combined single limit per accident for bodily injury and property damage:

Teachers Collese Columbia University their affiliates, trustees, officers, affents and emDlovees

volunteers, and representatives must be named as an additional insured and shall provide a waiver of

subrosation in favor of Teacher Colleee Columbia University their affiliate, trustees, officers, aeents

and employees, volunteers, and reDresentatives. Such insurance shall be prunary over other collectible

ins?rani;e t^at,may apply'The recluired limits of insurance can be satisfied by any combination of primary

and umbrella/excess insurance coverage

^^^?^iALGELNE3AL LI^BXLITY:. Insurance,with a minimum of $1,000,000 covering to

include completed operations advertising injury, bodily injury, property damage, personal-injuiy,

aAcm ffidePendent con.racto.and contractual liabil,ty-with annual ii.its ofliabilityofnot'less

than $1000,000 combined single limit per occurrence. Such insurance shall be primary over other

collectible insurance that may apply. Teachers Collese Columbia University their affiliates, trustees officers, aeents and employees, volunteers. and representatives must be named as an .additional insured and shall provide a waiver of subrosation in favor of Teacher Colleee Columbia Universitv their affiliate, trustees, officers, asents and employees, volunteers, and representatives

H?1?????^/ ^XCE®S LIABILITY: Umbrella / Excess Liability insurance coverage of not less than

US $5,000,000 over the employer's liability, automobile liability, and commercial general habiTity

coverages listed above. Teachers College Columbia University their affiliates, trustees, officers. asents and employees, volunteers, and representatives must be named as an additional insured

TEACHERS COLLEGE

COLUMBIA UNIVERSITY

Office of Risk Management

PROFESSIONAL LIABILITY (ERRORS AND OMISSIONS): Insurance covering with limits of not

^L^^5nono^'o^^c!^^^nlf^^oof??o^^t!le/^^^<^J^^L^O^age^d/

maintained on a "claims-made" policy, for three (3) years following the term of this Agreement or

completion of all Services associated with this Agreement, whichever is later.

Cvber Liability, E-Risk, Network Liability and/or Computer Fraud: Insurance covering with limits of

not less than^ $5,000 000 per claim and $5,000,000 in the aggregate per for any coverage and for any

coverage maintained on a "claims-made" policy, for three (3) years following the" term of this Agreement or completion of all Services associated with this Agreement, whichever is later.

The liability insurance coverage must provide the following covers :

a. intellectual property infringement arising out of software and/or content (excluding patent

mfringement and misappropriation of trade secrets); b. legal liability to others for computer security breaches caused by a failure of contractor's network security protection;

c. violation or infringement of any right, privacy, breach of federal, state, or foreign security

and/or privacy laws or regulations; and, d. data theft, damage, destruction, or corruption, including without limitation, unauthorized access, unauthorised use, identity theft, theft of personally identifiable information or

confidential corporate information, transmission of a computer virus or other type of

malicious code; and participation in a denial of service attack on a third party

^t!.i^tL^!l?J!le^rs.'.-^ve_^..de.si£n'.pr?fe^sional COIlsultants (Professional designation or license

a,ncl/or is,^o^(li^J:)rof'essionaI services^ Insurance covering with limits of not less than $5,000,000 per

claim and $5,000,000 in the aggregate per for any coverage and for any coverage maintained on a "claims-

made" policy, for three (3) years following the term of this Agreement or completion of all Services

associated with this Agreement, whichever is later.

??o^!t?/!?n covera2e: I"surance covering with limits of not less than $5,000,000 per claim and

$5,000,000 in the aggregate per for any coverage and for any coverage maintained on a "claims-made"

policy, for three (3) years following the term of this Agreement or completion of all Services

associated with this Agreement, whichever is later.

CRIME / EMPLOYEE DISHONESTY INSURANCE: Must maintain coverage for employee

^!sho.I,lesiy'..los^ ofmoney and securities and other tangible property belonging to customer resulting

directly from a fraudulent or dishonest act by a supplier employee, while perfonning supplier's professional

services for the Customer with limits of not less than $1,000,000 per claim, namin^Teachers Colleffe

Columbia University their affiliates, trustees, officers, agents and emploveei. volunte^jmd representatives as loss payee.

CHEMICAL WASTE AND PESTICIDE DISPOSAL CONTRACTORS: Must maintain Commercial

General Liability insurance with a minimum combined single limit of $5,000,000 for bodily injury and

property damage and be endorsed to include Pollution Legal Liability. Alternatively, separate, stand alone,

Commercial General Liability and Pollution Legal Liability policies each with limits of $5,000,000 is

acceptable and any coverage maintained on a_..cl^s-n>ade" policy, for three (3) years follo.,,g the

term of this Agreement or completion of all Services associated with this Agreement, whichever is later.

Contract Insurance Requirements for Vendors or Contractors at Teachers College Columbia University, Study notes of Credit and Risk Management

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Partial preview of the text

Download Contract Insurance Requirements for Vendors or Contractors at Teachers College Columbia University and more Study notes Credit and Risk Management in PDF only on Docsity!

TEACHERS COLLEGE

COLUMBIA UNIVERSITY

Office of Risk Management

The College's insurance requirements for vendors or contractors whose operations extend to the premises

?^;ifL(?ite^L]?r!^!a^fi^!?a,^TLO[^.^A-ddi??naIriIsure(I,Endorsement" certifying the following

WORKERS' COMPENSATION COVERAGE AND EMPLOYERS' LIABILITY: Insurance covering

minimum limit of $1,000,000 for bodily injury by each employee, accident and by disease under the

Employers'Liability. Such insurance shall be primary over other collectible insurance that may apply.

Teachers Collese Columbia University their affiliates, trustees, officers, aeents and emnlovees

volunteers, and representatives must be named as an additional insured and shall provide a waiver of

subroeation in favor of Teacher CoHeee Columbia University their affiliate. trustees, officers, asent t

ability of at least $1,000,000 combined single limit per accident for bodily injury and property damage:

Teachers Collese Columbia University their affiliates, trustees, officers, affents and emDlovees

volunteers, and representatives must be named as an additional insured and shall provide a waiver of

subrosation in favor of Teacher Colleee Columbia University their affiliate, trustees, officers, aeents

and employees, volunteers, and reDresentatives. Such insurance shall be prunary over other collectible

ins?rani;e t^at,may apply'The recluired limits of insurance can be satisfied by any combination of primary

^^^?^iALGELNE3AL LI^BXLITY:. Insurance,with a minimum of $1,000,000 covering to

include completed operations advertising injury, bodily injury, property damage, personal-injuiy,

aAcm ffidePendent con.racto.and contractual liabil,ty-with annual ii.its ofliabilityofnot'less

than $1000,000 combined single limit per occurrence. Such insurance shall be primary over other

H?1?????^/ ^XCE®S LIABILITY: Umbrella / Excess Liability insurance coverage of not less than

US $5,000,000 over the employer's liability, automobile liability, and commercial general habiTity

TEACHERS COLLEGE

COLUMBIA UNIVERSITY

Office of Risk Management

^L^^5nono^'o^^c!^^^nlf^^oof??o^^t!le/^^^<^J^^L^O^age^d/

maintained on a "claims-made" policy, for three (3) years following the term of this Agreement or

Cvber Liability, E-Risk, Network Liability and/or Computer Fraud: Insurance covering with limits of

not less than^ $5,000 000 per claim and $5,000,000 in the aggregate per for any coverage and for any

a. intellectual property infringement arising out of software and/or content (excluding patent

c. violation or infringement of any right, privacy, breach of federal, state, or foreign security

confidential corporate information, transmission of a computer virus or other type of

^t!.i^tL^!l?J!le^rs.'.-^ve_^..de.si£n'.pr?fe^sional COIlsultants (Professional designation or license

a,ncl/or is,^o^(li^J:)rof'essionaI services^ Insurance covering with limits of not less than $5,000,000 per

made" policy, for three (3) years following the term of this Agreement or completion of all Services

??o^!t?/!?n covera2e: I"surance covering with limits of not less than $5,000,000 per claim and

policy, for three (3) years following the term of this Agreement or completion of all Services

CRIME / EMPLOYEE DISHONESTY INSURANCE: Must maintain coverage for employee

^!sho.I,lesiy'..los^ ofmoney and securities and other tangible property belonging to customer resulting

directly from a fraudulent or dishonest act by a supplier employee, while perfonning supplier's professional

services for the Customer with limits of not less than $1,000,000 per claim, namin^Teachers Colleffe

General Liability insurance with a minimum combined single limit of $5,000,000 for bodily injury and

property damage and be endorsed to include Pollution Legal Liability. Alternatively, separate, stand alone,

acceptable and any coverage maintained on a_..cl^s-n>ade" policy, for three (3) years follo.,,g the