Each third-party event requires a Certificate of Insurance from Organization. Must name Lamar University (4400 S. Martin Luther King Jr. Pkwy, Beaumont TX, 77705) as an additional insured for the date of the event. Requirements are below:
General Liability
Commercial General Liability |
Each Occurrence: $1,000,000 |
Occur |
General Aggregate: $2,000,000 |
|
Products - Comp/op Aggregate: Included |
Additional Insured, Waiver of Subrogation & 30 Day Notice of Cancellation endorsements are required.
Workers Compensation Employers Liability
Statutory Limit |
Each Accident: $500,000 |
Occur |
Disease Each Employee: $500,000 |
|
Disease Policy Limit: $500,000 |
Waiver of Subrogation & 30 Day Notice of Cancellation endorsements are required.
Automobile
|
Each Occurrence: $1,000,000 |
Additional Insured, Waiver of Subrogation & 30 Day Notice of Cancellation endorsements are required.
Professional Liability
If Required |
Each Occurrence: $1,000,000 |
Pollution Liability
If Required |
Each Occurrence: $1,000,000 |
Minimum AM Best Rating
- Alpha Rating: A-
- Financial Category: X
Additional Requirement(s)
- Additional insured endorsements providing Ongoing and Completed Operations
- Primary and Non-Contributory endorsement required on General Liability
- Additional Insured and Waiver of Subrogation endorsements must be in favor of: Lamar University, member of The Texas State University System, their agents, servants, employees, officers, heirs, assigns, successors in interest & representatives in connection with the work.
Coverage Period
- Commercial General Liability Insurance, Business Automobile Liability Insurance; will be kept in force until receipt of Final Payment by the University to Contractor; and
- Workers' Compensation Insurance and Employer's Liability Insurance will be kept in force until the work has been fully performed and accepted by the University in writing;
- If required, Errors and Omissions Insurance will be kept in force an additional two years after the work has been fully performed and accepted by the University in writing.
Cancellation Clause
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED OR THERE IS A SIGNIFICANT COVERAGE CHANGE BEFORE THE EXPIRATION DATE THEREOF, THE ISSUING INSURER WILL ENDEAVOR TO MAIL (30) DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT, BUT FAILURE TO DO SO SHALL IMPOSE NO OBLIGATION OR LIABILITY OF ANY KIND UPON THE INSURER, ITS AGENTS OR REPRESENTATIVES.