Revised 05/23
S
TANDARD INSURANCE REQUIREMENTS
Goods and Services – Events with Alcohol
T
he Vendor shall obtain and maintain, and cause its sub-contractors to obtain and maintain, at their own expense
and for the duration of the Contract, the minimum insurance coverages set forth below. By requiring such minimum
insurance, the University shall not be deemed or construed to have assessed the risk that may be applicable to the
Vendor under this Contract. The Vendor shall assess its own risks and if it deems appropriate and/or prudent,
maintain higher limits and/or broader coverages. Neither the Vendor nor its sub-contractors, under this agreement,
are relieved of any liability or other obligations assumed or pursuant to the Contract by reason of its failure to obtain
or maintain insurance in sufficient amounts, duration, or types. Vendor and any persons employed by Vendor for the
performance of work hereunder shall be independent Vendors and not agents of the University of Colorado.
C
OVERAGES
Commercial General Liability – ISO most current form or its equivalent. Coverage to include:
General Aggregate $2,000,000
Products/Completed Operations Aggregate $2,000,000
Each Occurrence Limit $1,000,000
Personal/Advertising Injury $1,000,000
Commercial Liquor Liability
Liquor Liability can be included in the General Liability policy if added by endorsement to the policy. If you are in
the business of serving, selling, or manufacturing alcohol, Host Liquor Liability coverage may not be substituted
for Liquor Liability.
Liquor Liability Each Occurrence Limit $1,000,000
Liquor Liability Aggregate Limit $1,000,000
Workers Compensation (This requirement shall not apply when a contractor or subcontractor is exempt under
Colorado Workers’ Compensation Act)
Coverage A (Workers’ Compensation) Statutory
Coverage B (Employers Liability) $100,000 Each Accident
$100,000 Disease Each Employee
$500,000 Disease Policy Limit
ADDI
TIONAL INSURANCE REQUIREMENTS
1. All insurers must be licensed or approved to do business within the State of Colorado and possess a minimum A.M.
Best’s Insurance Guide rating acceptable to the University of Colorado
.
2. T
he Vendor shall provide the University of Colorado a Certificate of Insurance evidencing all required coverages
before commencing work or entering the University of Colorado premises. The certificate holder shall be: The
Regents of the University of Colorado, a body corporate, 1800 Grant St. Suite 700, Denver, CO 80203.
3. The Vendor shall name “The Regents of the University of Colorado, a body corporate” as an Additional Insured
with respect the general liability and liquor liability policies. The Vendor agrees that the insurance requirements
specified in the Contract do not reduce the liability Vendor has assumed in the Contract.
4. A waiver of subrogation in favor of the University of Colorado must apply under the Workers’ Compensation policy.
5. All insurance policies will be written on a primary basis, non-contributory with any other insurance coverages and/or
self-insurance carried by the University of Colorado.
6. The parties hereto understand and agree that The University of Colorado is relying on and does not waive or int
end
t
o waive by any provision of this Contract the monetary limitations or any other rights, immunities, and protections
provided by the Colorado Governmental Immunity Act, 24-10-101 et seq., as from time to time amended, or
otherwise available to the University or its officers, employees, agents, and volunteers.
7. The University and Vendor shall cooperate with each other in the collection of any insurance proceeds which may
be payable in the event of any loss, including the execution and delivery of any proof of loss or other actions require
d
t
o effect recovery.
Signature
