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These pages provide an explanation and example of corporate’s minimum insurance requirements.
During the term of an agreement and without cost to corporate, suppliers are required to maintain and ensure that their subcontractors maintain the following insurance coverage with reputable insurance companies satisfactory to Corporate.

· Primary Commercial General Liability Insurance:  including products, completed operations, contractual liability, personal injury and broad form property damage coverage written on an occurrence form (and not on a claims-made form), in compliance with the total limit of liability set forth below on an occurrence basis.
· Primary Automobile Liability Insurance:  including owned, hired and non-owned vehicles in compliance with the total limit of liability set forth below.  Corporate shall provide primary coverage for its owned and non-owned vehicles.
· Umbrella (Excess) Liability Insurance:  providing excess coverage to the primary insurance coverage described above, in compliance with the total limit of liability set forth below.
· Worker’s Compensation Insurance:  complying with the statutory coverage required in the state where the work is performed, including employer’s liability and occupational disease.
· Fidelity Bond Insurance:  covering acts of dishonesty including but not limited to, fraud, theft and embezzlement, in an amount acceptable to Corporate.
· Errors and Omissions:  in an amount acceptable to Corporate.

Total Limit of Liability:  The primary general and automobile and umbrella liability coverages may be written in any combination so that the single occurrence limit of liability for general liability is not less than $2,000,000 and for automobile liability is not less than $2,000,000.  For example, if the contractor carries a primary commercial general liability policy with a single occurrence limit of $1,000,000 and a primary automobile liability policy with a single combined limit of liability of $1,000,000, the umbrella policy should provide excess coverage of $2,000,000 to each such primary policy.

The insurance policies described above shall provide that the insurer shall give corporate at least thirty (30) days prior written notice in the event of any material alteration or cancellation of any insurance coverage.  The general, automobile and umbrella liability policies described above shall (i) be primary and not contributory with any liability coverage carried by corporate or any affiliate of corporate, (ii) name xxxxxxx Corporate, Corporate and any other entity reasonably requested by corporate as additional insured and (iii) provide for severability of interests.  The general, automobile and umbrella liability insurance policies and the workers compensation insurance policies described above shall provide for waiver of subrogation.  All suppliers must provide to corporate certificates of insurance evidencing compliance with these requirements and, if requested by corporate, copies of all such insurance policies.