All suppliers on University facilities must have the following insurance coverage's:
- Commercial General Liability Insurance including coverage for Premises Operations, Products/Completed Operations, Contractual, Independent Contractors, Broad Form Property Damage, and Personal Injury; with a minimum combined single limit of not less than $1,000,000 for Bodily Injury and Property Damage. See footnote.
- Fire Legal Liability Insurance in an amount not less than $50,000. Such coverage may be provided under the policy for General Liability.
- Workers' Compensation and Employer's Liability Insurance with California statutory limits.
- Business Auto Liability Insurance (if services will be rendered on the Malibu campus) with a Combined Single Limit of not less than $1,000,000 for Bodily Injury and Property Damage, including all owned, non-owned and hired autos.
The supplier must provide to the contracting department of the University a (1) Certificate of Insurance and an (2) additional insured endorsement form evidencing the above insurance coverage's and limits. The Certificate and endorsement must also comply with the following:
- Issued by a company authorized to do business in the State of California with a BEST's rating of A- or better.
- Signed by an authorized agent or representative of the insurance carrier (wet signatures only).
- Name PEPPERDINE UNIVERSITY as the Certificate Holder, and contain an "Attention Of" line to the contracting department.
- Shall be on file prior to commencement of services.
- The effective dates of all policies must be inclusive of the contract dates. If the contract extends beyond the current policy expiration date, then a Certificate of Insurance and certified copy of each endorsement showing the new policy term must be received by the contracting department at least 30 days before expiration of the existing coverage.
- The following wording must be contained in the memo field: "It is agreed that the Certificate Holder is included as an Additional Insured/Loss Payee, as its interest may appear, as respects operations of the named insured for services rendered to the Certificate Holder. It is agreed that this insurance is primary and not contributory with any insurance maintained by the Certificate Holder."
- The Cancellation Clause must be for a minimum of 30 days and must strikeout the terms "endeavor to" and "but failure to mail such notice shall impose no obligation or liability of any kind upon the company, its agents or representatives."
Please note that failure on the part of the supplier to procure or maintain required insurance shall constitute a material breach of contract upon which the University, at its sole discretion, may immediately terminate the contract.