General Insurance Requirements
The Board of Supervisors of Louisiana State University and Agricultural and Mechanical College (henceforth referred to as “University) requires Contractors/Suppliers to procure the below minimum limits. The insurance must be maintained for the duration of work performed for or on behalf of the University, and for the length of any Agreement with the University. Failure to maintain the required insurance throughout the term of the Agreement shall be a material breach, and shall entitle University to all remedies provided for in the Agreement, or by operation of law. The minimum insurance requirements described herein do not in any way limit the Contractor/Suppliers’ financial responsibilities as outlined in the Agreement’s Indemnification requirements. Therefore, the Contractor/Supplier may opt to have broader coverage and limits to satisfy its financial obligations.
Before commencing work on University premises, the Contractor/Supplier shall obtain at its own cost and expense, and provide evidence of, Workers Compensation, Commercial General Liability, and Automobile Liability Insurance naming the Board of Supervisors of Louisiana State University and Agricultural & Mechanical College as an additional insured.
Limits
Other Requirements
Additional Insured Status
The University is to be listed as an Additional Insured on the Commercial General Liability (must use an endorsement at least as broad as ISO Form CG 20 10 11 85 or both CG 20 10 and CG 20 37 forms with edition date 2004 if later revisions used). See Verification of Coverage section on how the University should be listed as an Additional Insured.
Primary Coverage and Limits of Insurance
For any claims related to work performed for or on behalf of the University or related to an Agreement/purchase order, the Contractor/Supplier’s insurance coverage shall be primary insurance as respects to the University. Any applicable insurance or self-insurance maintained by the University shall be excess of the Contractor/Supplier’s insurance and shall not contribute with it.
Acceptability of Insureres
Insurance is to be placed with insurers with a current A.M. Best’s rating of no less than A- VII, unless otherwise approved by the University.
Special Risks or Circumstances
LSU reserves the right to consider alternate coverage or limits and to modify these requirements, based on the nature of the risk, prior experience, insurer, coverage, or other special circumstances.
Special Condition Insurance Requirements
Verification of Coverage
The University shall be listed as Additional Insured and Certificate Holder as follows:
The Board of Supervisors of Louisiana State University and Agricultural & Mechanical College 213 Thomas Boyd Hall Baton Rouge, LA 70803Certificates of Insurance shall be furnished to the University evidencing the insurance required herein including amendatory endorsements. The University’s failure to obtain the required documents prior to the work beginning or acceptance of a non-compliant certificate shall not waive the Contractor/Supplier’s obligation to have in place the required insurances or to provide the certificate. The University reserves the right to require certified copies of all the insurance policies, including endorsements.
Applicablility
Limits and requirements listed herein are applicable to the LSU A&M (Baton Rouge) campus only pursuant to Risk Management autonomy granted by the State of Louisiana Office of Risk Management. All other campuses in the University system are subject to very similar guidelines with oversight provided by the State of Louisiana Office of Risk Management.
LSU Risk Management riskmanagement@lsu.edu
State of Louisiana Office of Risk Management 225-342-8500
Rev 11/21/2024