Vendor Insurance Requirements Contract Template

Prior to commencing work, Contractor shall procure and maintain at its own expense insurance coverage meeting the following minimum criteria from insurers rated A- VII or better by A.M. Best:
1. Commercial General Liability (ISO Occurrence Form CG 00 01 or equivalent): $2,000,000 Each Occurrence; $4,000,000 General Aggregate; $4,000,000 Products-Completed Operations Aggregate.
2. Commercial Automobile Liability: $1,000,000 Combined Single Limit covering Any Auto (or all Owned, Hired, and Non-Owned Autos).
3. Workers' Compensation and Employer's Liability: Statutory Workers' Compensation limits and Employer's Liability limits of not less than $1,000,000 Each Accident, $1,000,000 Disease - Each Employee, and $1,000,000 Disease - Policy Limit.
4. Endorsements Required: Owner and Property Manager shall be named as Additional Insureds on General Liability and Automobile Liability on a primary and non-contributory basis, accompanied by ISO endorsements CG 20 10 (ongoing operations) and CG 20 37 (completed operations) or equivalent. A Waiver of Subrogation in favor of Owner and Property Manager shall apply to General Liability, Automobile Liability, and Workers' Compensation.
5. Documentation: An ACORD 25 Certificate of Liability Insurance together with required endorsement pages and a signed IRS Form W-9 must be submitted prior to payment release.

Vendor shall maintain in full force and effect throughout the term of this Agreement:
1. Commercial General Liability (Occurrence Form): $1,000,000 Each Occurrence; $2,000,000 General Aggregate; $2,000,000 Products-Completed Operations Aggregate.
2. Automobile Liability: $1,000,000 Combined Single Limit covering Any Auto (or Hired and Non-Owned Autos).
3. Workers' Compensation and Employer's Liability: Statutory limits with $500,000 Employer's Liability (or a signed sole-proprietor statutory exemption statement where permitted by state law).
4. Endorsements & W-9: Property Owner and Managing Agent shall be included as Additional Insureds on General Liability with Waiver of Subrogation on General Liability, and Vendor shall provide a signed IRS Form W-9.

Tenant shall maintain in full force and effect throughout the Lease Term:
1. Commercial General Liability (Occurrence Form): $1,000,000 Each Occurrence; $2,000,000 General Aggregate; $2,000,000 Products-Completed Operations Aggregate.
2. Umbrella / Excess Liability (Occurrence Form): $2,000,000 Each Occurrence; $2,000,000 Aggregate.
3. Workers' Compensation and Employer's Liability: Statutory limits with $1,000,000 Employer's Liability.
4. Endorsements Required: Landlord and Property Manager shall be included as Additional Insureds on General Liability on a primary and non-contributory basis with the ongoing operations endorsement page attached, and Waiver of Subrogation shall apply to General Liability and Workers' Compensation.