Insurance Requirements.pdf

This document is Exhibit A for Insurance Requirements for Contractors, specifically for the State of Louisiana. The exhibit outlines comprehensive insurance specifications that contractors must meet when performing work for state agencies, detailing minimum insurance coverage requirements across multiple categories including Workers Compensation, Commercial General Liability, and Automobile Liability. The document mandates specific insurance policy provisions, such as naming the Agency, its officers, agents, employees, and volunteers as additional insureds, and requires contractors to maintain insurance for the duration of their contract to protect against potential claims for injuries or property damage.

The insurance requirements include precise financial thresholds, such as $1,000,000 per occurrence for Commercial General Liability with a $2,000,000 annual aggregate, and $1,000,000 combined single limit for Automobile Liability. Contractors must provide Certificates of Insurance signed by authorized representatives and are subject to strict verification and compliance standards. The document also emphasizes that insurance companies must be legally authorized to conduct business in Louisiana, with a preference for insurers maintaining an A.M. Best rating. Notably, the exhibit includes provisions for subcontractor insurance, workers compensation indemnity, and a comprehensive hold harmless agreement protecting the State of Louisiana from potential legal and financial risks arising from contract performance.