Insurance Requirements for Outside Vendors
Lipscomb University requires the following minimum insurance standards for all non-University vendors performing, selling, or distributing products and services on the University campus. If a product or service, in the opinion of the Department of Risk Management, represents an unusual or exceptional risk, the department may require additional insurance for that product or service.
Commercial General Liability (Bodily Injury and Property Damage):
|General Aggregate limit||$1,000,000|
|Combined Single limit per occurrence||$1,000,000|
|Property Damage Aggregate||$50,000|
Lipscomb University must be shown as an Additional Insured on all liability policies. Thirty days notice of cancellation is required on all policies. A description of the service provided and anticipated dates on campus must be shown on the certificate. This requirement can be satisfied by providing a Certificate of Insurance or by purchasing a general liability insurance policy.
For outside vendors without General Liability, Lipscomb University is enrolled in the URMIA (University Risk Management Insurance Association) TULIP Program (Tenant and User Liability Insurance Policy.) You can obtain information and rates and purchase a policy by visiting https://tulip.ajgrms.com. When you enter the site to purchase the event insurance you will choose the Quick Quote tab, State, and then Lipscomb University. After that the program will walk you through entering your information to build your quote and paying by credit card.
In addition to General Liability, you will need to show proof of insurance for the following as applicable:
Workers Compensation and Employers Liability Insurance:
Standard workers compensation for any vendor with employees as required by the State of Tennessee and employers liability insurance in an amount not less than $100,000 per accident, $500,000 annual aggregate.
Automobile Liability will be required for any vendor who will drive on Lipscomb University's premises in an amount not less than $1,000,000 per occurrence for bodily injury and property damage, including owned, hired and non-owned vehicle coverage.
$1,000,000 each claim, when applicable