Insurance Requirements

Some transactions between the university and suppliers require that the supplier provide insurance coverage. The supplier's insurance certificate must be on file with the Procurement Services before work commences. A certificate of insurance is a document issued by insurance carriers as evidence of insurance coverage. Failure of the supplier to provide an insurance certificate, upon request, will result in significant delays in processing purchase orders.

Insurance Requirements

Various coverage types and limits are required depending on the type of service or contract. The following are basic guidelines that are subject to change, based upon the specific transaction:

• Commercial and General Liability
  • Standard coverage limits: $1M each occurrence, $2M Products and Completed Operations, $1M Personal. and Advertising Injury, $2M general aggregate.
  • Required endorsement: "The Regents of the University of California are named as additional insured."
• Professional Liability
  • Standard coverage limits: $2M Aggregate, $2M each occurrence.
• Business Automobile Liability
  • Standard coverage limits: $1M each combined single limit.
  • Required endorsement: "The Regents of the University of California are named as additional insured."
• Workers' Compensation: Coverage as required by law. If a supplier has one or more employees, the supplier is required to provide proof of Worker’s Compensation Insurance. If the supplier does not have employees, they can complete the Waiver Form.
  • Standard coverage limits: $1M each occurrence.
• Supplier Fidelity Bond or Crime Coverage
  • A minimum amount of $1M.
  • Required endorsement: "The Regent of the University of California are named as additional insured."
  • UC and, if so requested, UC’s officers, employees, agents and sub-suppliers will be named as "Loss Payee, as Their Interest May Appear” in such Fidelity Bond.