3-Exhibit C Minimum Insurance Requirements.pdf

LEAD PUBLIC SCHOOLS

Exhibit C: Minimum Insurance Requirements

The vendor will be responsible to carry and keep in force the following minimum insurance coverage for the duration of the contract/project.

• The “Description” section of the COI must read as follows: LEAD Public School, its officials, officers, employees and volunteers are named as additional insured per the general liability additional insured endorsement.

• The “Certificate Holder” section of the COI must read. LEAD Public Schools, 2835 Brick Church Pike, Nashville, Tennessee 37207 A. Comprehensive General Liability Insurance

1. Each Occurrence Limit $ 1,000,000

2. Medical Expense Limit (any one person)

$ 1,000,000

3. Personal and Advertising Injury Limit $ 1,000,000

4. General Aggregate Limit $ 2,000,000

5. Product/Complete Operations Aggregate Limit

$ 1,000,000

6. Fire Damage (each occurrence) $ 1,000,000

B. Automobile Liability Insurance

1. Combine Single Limit (each accident) $ 2,000,000

C. Workers’ Compensation Insurance

i. Coverage shall be provided at statutory limits.

ii. Liability Insurance shall cover premises operations and the vendor’s liability, as stated above, with the following endorsements:

a. LEAD Public Schools as an additional insured under all coverage except workers compensation.

b. Thirty (30) day notice of Cancellation or material change.

If the Contractor desires to self-insure, then a COI will not be required to prove coverage. In place of the COI, the Contractor must provide a certificate of self-insurance or a letter on the Contractor's letterhead detailing its coverage, liability policy amounts, and proof of funds to reasonably cover such expenses.

Compliance with Tenn. Code Ann. § 50-6-405 and the rules of the TDCI is required for the Contractor to self-insure workers' compensation.

The vendor shall either:

1. Require each of its sub-contractors to procure and to maintain during the life of the sub-contract, Comprehensive General Liability Insurance, Automobile Liability Insurance and Sub-contractors Workers Compensation Insurance of the type and same amounts as specified above, or

2. Insure the activity of its sub-contractors in its own policy/policies. If the coverage period shown on the Vendor’s current certificate of insurance ends during the duration of project, the Vendor must, prior to the end of the coverage period, file a new certificate of coverage with LEAD Public Schools showing that coverage has been extended.