Insurance Requirements.pdf

This document is an Exhibit A detailing Insurance Requirements for Contractors for the State of Louisiana, applicable across various state agencies, departments, and commissions. The exhibit, revised in March 2016, outlines comprehensive insurance specifications that contractors must meet, including mandatory coverage types such as Workers Compensation, Commercial General Liability, and Automobile Liability. Each insurance type has specific minimum coverage limits, with Workers Compensation set at $1,000,000 per accident, Commercial General Liability at $2,000,000 annual aggregate, and Automobile Liability with a combined single limit of $1,000,000 per accident.

The document establishes strict requirements for insurance providers, mandating that all insurers be legally authorized to do business in Louisiana and maintain an A.M. Best rating of A-VI or higher. Contractors must provide Certificates of Insurance to the agency before work commences, with policies requiring 30 days written notice of cancellation. The exhibit also includes provisions for subcontractor insurance, indemnification, and hold harmless agreements, emphasizing the contractor's responsibility to protect the State of Louisiana from potential liability arising from contract performance. The agency reserves the right to suspend, discontinue, or terminate the contract if the required insurance is not maintained.