A Certificate of Insurance (also known as a COI) is a document from an insurance agent/broker that serves as evidence of insurance coverage; it outlines the type of insurance, the limits of liability and the effective and expiration dates of coverage. It is important to note that a certificate of insurance is only evidence of coverage in effect at the time of issuance of the certificate; it is not an insurance policy nor does it convey any rights to the certificate holder.
Vendor Requires a Certificate of Insurance
Certificates of Insurance are often requested by outside parties when the University is entering a contract. You may request a COI online you will be required to submit a copy of the contract. All contracts must be processed in accordance with University policy and guidelines.
Request Certificate of Insurance
University of Oregon requires a Certificate of Insurance
Departments should request a Certificate of Insurance from the contractor or vendor prior to the beginning of work and/or the start of a contract.
The Certificate of Insurance must have the following:
- The named insured must match the name in the contract.
- The appropriate dates, coverage and limits must be shown.
- The Certificate Holder section should show the UO contact name and address.
- The Description of Operations should refer to the specific duty, service or event.
- The COI document must be very specific. Under “Description of Operations it must read: "The State of Oregon, Board of Trustees of the University of Oregon, University of Oregon, and their respective officers, employees, and members are additional insureds.”
Minimum coverage requirements:
- Commercial General Liability Insurance: Including Bodily Injury and Property Damage Liability, Independent Contractors Liability, Contractual Liability, Product Liability and Completed Operations Liability in an amount not less than $1,000,000 combined single limit, per occurrence, and $2,000,000 aggregate.
- Workers’ Compensation: Statutory limits are required.
- Employers Liability Coverage: $500,000.
- Automobile Liability: For vendors who will drive on University property, Automobile Liability 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. For Charter Bus Companies, the minimum Automobile Liability coverage required is $5,000,000.
Depending on the nature of the work and contract, other insurance coverages may be required such as:
- Professional Liability
- Umbrella or Excess Liability Coverage
- Cyber Risk Insurance
- Environmental Liability
- Sexual misconduct/molestation/abuse
- Host Liquor Liability