CERTIFICATE OF INSURANCE REQUIREMENTS
OUTGOING COI: PBAU typically provides a COI when we contract with a third party for some service to our benefit. The most common examples include PBAU's use of off-campus facilities for graduation or other events or affiliation agreements that allow our institution to place students in internships, and other educational experiences. PBAU's originator of the contract or the generating department coordinating the event should request the COI from the Risk Management Office.
VENDOR COI: As a general rule, PBAU requests and obtains a Certificate of Insurance (COI) when third party groups rent or use our facilities; render services to PBAU of a type that warrants a COI (such as transportation, campus events involving physical activities, animals, minors on campus, summer camps, and the like), and certain professional activities that carry a high degree of care (like construction, certain professional services, environmental clean-up, etc.). The requested certificate serves to document that the other party to the contract has the appropriate and required insurance policies and limits and, when requested, that the third party has added PBAU to the other party’s insurance policies as an Additional Insured. The vendor COI should be reviewed by the Risk Management Office prior to finalizing the event/service on campus.
If you have any questions or concerns, please contact Risk Manager Wendy Draving at risk_management@pba.edu for more information.