Proof of insurance is required from all vendors, contractors and subcontractors doing business with/at Southern Methodist University. Proof of insurance should be provided by means of a certificate of insurance. All certificates will identify the policies in effect on behalf of the vendor/contractor, their effective policy periods, and limits of liability. The Standard Limits are the minimum acceptable for any vendor, but there are specific requirements for vendors and contractors of medium and high-risk services that supersede the Standard Limits. Refer to Section II of this document before specifying coverage requirements. Questions may be directed to Risk Management at 214-768-2807.
All insurance contracts and certificate(s) of insurance shall be forwarded to SMU at the following address:
Southern Methodist University
Anita C. Ingram
Director of Risk Management
SMU P.O. Box 750231
Dallas, Texas 75275-0231
All insurance contracts and certificates of insurance must comply with the following:
Name Southern Methodist University, its trustees, officers, employees, and agents as additional insured (as the interest of each insured may appear) as to all liability insurance coverage required. Compliance with this should be indicated on the certificate of insurance.
All policies must be issued with a 30 day cancellation notice, whereby
the policy shall not be cancelled or reduced, restricted or limited
until thirty (30) days after SMU (as the certificate holder) has
received
written notice,
as evidenced by return receipt of a registered or certified
letter, of such cancellation, or reduction, restriction of limitation
of the insurance policy.
Specific wording for the Cancellation
is as follows:
SHOULD ANY OF
THE ABOVE
DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE
THEREOF, THE ISSUING COMPANY WILL MAIL 30 DAYS WRITTEN NOTICE
TO THE CERTIFICATE HOLDER NAMED TO THE LEFT. (If any other
language is included in the cancellation clause of the certificate
form, it shall be stricken out, or voided.)
All policies must be issued by an insurance company licensed to do business with the state of Texas, with a minimum AM Best rating of A-, and signed by an authorized agent.
The following limits apply to contractors and vendors doing business with/at
Southern Methodist University. The Standard limits are the minimum acceptable
for any vendor. but there are specific requirements for vendors of high risk
services that supersede the Standard Limits. Please refer to this document
before specifying vendor coverage requirements. If commodity purchase requires
installation of heavy equipment, contact Risk Management at (214) 768-2807.
A. Standard Limits
| Insurance Coverage | Statutory Limits |
| Workers Compensation (WC) Statutory Limits and Employers’ Liability: | |
|
-- Each Accident |
$ 100,000 |
| -- Disease - Policy Limit | $ 500,000 |
| -- Disease - Each Employee | $ 100,000 |
| Commercial General Liability (CGL): | |
| -- General Aggregate including Products & Completed Operations | $ 500,000 |
| Each Occurrence | $ 500,000 |
| Automobile Liability Per person/Per accident Combined Single Limit |
$ 500,000 |
| Professional Liability | $1,000,000* |
* Coverage limits will be adapted to the degree of hazard of each contract.
Smaller limits may be acceptable for smaller, less hazardous contracts,
while other contracts may require multi-million dollar limits.
B. Limits For High Risk Services
Asbestos Abatement
A Certificate of Insurance must be filed with the Office of Risk Management before the purchase order is issued and/or the contract is finalized.
| Insurance Coverage | Statutory Limits |
| Workers Compensation (WC) Statutory Limits and Employers’ Liability: Required for All Contracts (NO EXEMPTIONS) | |
| -- Each Accident | $1,000,000 |
| -- Disease - Policy Limit | $1,000,000 |
| -- Disease - Each Employee | $1,000,000 |
| Commercial General Liability (CGL): | |
| -- General Aggregate including Products & Completed Operations | $2,000,000 |
| -- Each Occurrence | $2,000,000 |
| Automobile Liability | |
| -- Combined Single Limit | $500,000 |
Building Remodeling and Construction
This applies to all aspects of building work including, but not limited to, ducts, electrical, HVAC, painting, plumbing, roofing, etc. A Certificate of Insurance must be filed with the Office of Risk Management before the purchase order is issued and/or the contract is finalized.
| Insurance Coverage | Statutory Limits |
| Workers Compensation (WC) Statutory Limits And Employers’ Liability: Required for All Contracts (NO EXEMPTIONS) | |
| -- Each Accident | $1,000,000 |
| -- Disease - Policy Limit | $1,000,000 |
| -- Disease - Each Employee | $1,000,000 |
| Commercial General Liability (CGL): | |
| -- General Aggregate including Products & Completed Operations | $1,000,000 |
| -- Each Occurrence | $1,000,000 |
| Automobile Liability | |
| -- Combined Single Limit | $500,000 |
| If hazardous substance is involved: Contractor’s Pollution Liability | |
| -- Each Occurrence |
$1,000,000 |
| -- Aggregate | $2,000,000 |
Elevator Maintenance
This applies to all passenger and freight elevators. A Certificate of Insurance must be filed with the Office of Risk Management (specify name and address) before the purchase order is issued and/or the contract is finalized.
| Insurance Coverage | Statutory Limits |
| Workers Compensation (WC) Statutory Limits And Employers’ Liability: Required for All Contracts (NO EXEMPTIONS) | |
| -- Each Accident | $500,000 |
| -- Disease - Policy Limit | $500,000 |
| -- Disease - Each Employee | $500,000 |
| Commercial General Liability (CGL): | |
| -- General Aggregate including Products & Completed Operations | $1,000,000 |
| -- Each Occurrence | $1,000,000 |
| Automobile Liability | |
| -- Combined Single Limit | $500,000 |
Manual Food Service - Catering
This includes all forms of manual food service, both on and off University premises. A Certificate of Insurance must be filed with the Office of Risk Management (specify name and address) before the purchase order is issued and/or the contract is finalized.
| Insurance Coverage | Statutory Limits |
| Workers Compensation (WC) Statutory Limits And Employers’ Liability: Required for All Contracts (NO EXEMPTIONS) | |
| -- Each Accident | $100,000 |
| -- Disease - Policy Limit | $500,000 |
| -- Disease - Each Employee | $100,000 |
| Commercial General Liability (CGL): | |
| -- General Aggregate including Products & Completed Operations | $1,000,000 |
| -- Each Occurrence | $1,000,000 |
| Automobile Liability | |
| -- Combined Single Limit | $500,000 |
| Liquor Liability (where applicable) | $1,000,000 |
Medical Services
This applies to all contracted medical services including, but not limited to, assisted physician services, laboratory equipment maintenance, patient testing, and prescription services. A Certificate of Insurance must be filed with the Office of Risk Management (specify name and address) before the purchase order is issued and/or the contract is finalized.
| Insurance Coverage | Statutory Limits |
| Workers Compensation (WC) Statutory Limits And Employers’ Liability: Required for All Contracts (NO EXEMPTIONS) | |
| -- Each Accident | $500,000 |
| -- Disease - Policy Limit | $500,000 |
| -- Disease - Each Employee | $500,000 |
| Commercial General Liability (CGL): | |
| -- General Aggregate including Products & Completed Operations | $1,000,000 |
| -- Each Occurrence | $1,000,000 |
| Automobile Liability | |
| -- Combined Single Limit | $500,000 |
This
applies to a broad range of contracted services including, but
not limited to, amusement services, pyrotechnical displays, etc.
A Certificate of Insurance must be filed with the Office of Risk
Management (specify name and address) before the purchase order is issued
and/or the contract
is finalized.
| Insurance Coverage | Statutory Limits |
| Workers Compensation (WC) Statutory Limits And Employers’ Liability: Required for All Contracts (NO EXEMPTIONS) | |
| -- Each Accident | $500,000 |
| -- Disease - Policy Limit | $500,000 |
| -- Disease - Each Employee | $500,000 |
| Commercial General Liability (CGL): | |
| -- General Aggregate including Products & Completed Operations | $1,000,000 |
| -- Each Occurrence | $1,000,000 |
| Automobile Liability | |
| -- Combined Single Limit | $500,000 |
| Umbrella Liability Policy | $1,000,000 |
Transportation
This applies primarily to the transport of people, including charter bus and van carriers, but excludes air charter. A Certificate of Insurance must be filed with the Office of Risk Management (specify name and address) before the purchase order is issued and/or the contract is finalized.
| Insurance Coverage | Statutory Limits |
| Workers Compensation (WC) Statutory Limits And Employers’ Liability: Required for All Contracts (NO EXEMPTIONS) | |
| -- Each Accident | $100,000 |
| -- Disease - Policy Limit | $500,000 |
| -- Disease - Each Employee | $100,000 |
| Commercial General Liability (CGL): | |
| -- General Aggregate including Products & Completed Operations | $1,000,000 |
| -- Each Occurrence | $1,000,000 |
| Automobile Liability | |
| -- Combined Single Limit | $2,000,000 |
C. Special Events
The insurance requirements for special events hosted by various organizations
on campus are the same as those outlined above. Special Events might include
art shows, concerts, exhibits, dances, festivals, political rallies, cattle
shows, recreational events, sporting events, parades, conventions, and any other
event that may pose a liability threat (Risk Management can advise you on this).
Many outside groups who are contracted to provide services for special events
hosted on campus carry their own insurance. However, in the event that outside
parties do not have insurance or do not carry adequate limits, the Office of
Risk Management may be able to coordinate the insurance purchase for those parties
through the University’s Third Party User’s Liability Insurance Policy
(TULIP).
Interested parties should contact the Office of Risk Management for further
details.
Exceptions
Request for exceptions to the above guidelines must be submitted to and approved
by the Office of Risk Management.