Exhibit B - Construction Projects Insurance Coverage Requirements
Provided by Michigan Universities Self Insured Corporation (M.U.S.I.C.)
EXHIBIT B: Construction Projects Insurance Coverage Requirements
An insurance carrier rating of A- or better is recommended, per AM Best – contact Risk Management with ratings questions
Architects & Designers
|
Project Cost |
Minimum Coverage Required* | Minimum Limits |
|
<$5M |
Workers' Compensation with Employer Liability | Work Comp Statutory Limits/Employers' Liability $1M |
| Commercial General Liability* | $1M per occurrence & $2M aggregate | |
| Business Auto Liability* | $1M | |
| Excess Liability (umbrella) | $5M | |
| Professional Liability | $1M per claim & $2M aggregate | |
| Oakland University listed as additional insured on CGL and Auto | ||
|
> $5M - $25M |
Workers' Compensation with Employer Liability | Work Comp Statutory Limits/Employers' Liability $1M |
| Commercial General Liability* | $1M per occurrence & $2M aggregate | |
| Business Auto Liability* | $1M | |
| Excess Liability (umbrella) | $5M | |
| Professional Liability | $5M per claim & $10M aggregate | |
| Oakland University listed as additional insured on CGL and Auto | ||
|
> $25M - $50M |
Workers' Compensation with Employer Liability | Work Comp Statutory Limits/Employers' Liability $1M |
| Commercial General Liability* | $1M per occurrence & $2M aggregate | |
| Business Auto Liability* | $1M | |
| Excess Liability (umbrella) | $10M | |
| Professional Liability | $10M per claim & $20M aggregate | |
| Oakland University listed as additional insured on CGL and Auto | ||
|
> $50M |
Workers' Compensation with Employer Liability | Work Comp Statutory Limits/Employers' Liability $1M |
| Commercial General Liability* | $1M per occurrence & $2M aggregate | |
| Business Auto Liability* | $1M | |
| Excess Liability (umbrella) | $15M | |
| Professional Liability | $10M per occurrence $20M aggregate | |
| Oakland University listed as additional insured on CGL and Auto | ||
General Contractors/Construction Managers
Contractors are required to purchase Builders' Risk Insurance for specified projects
|
Project Cost |
Minimum Coverage Required* | Minimum Limits |
|
< $5M |
Workers' Compensation with Employer Liability and Alternate Employers Endorsement | Work Comp Statutory Limits/Employers' Liability $1M |
| Commercial General Liability* | $1M per occurrence & $2M aggregate | |
| Business Auto Liability* | $1M | |
| Excess Liability (umbrella) | $2M | |
| Oakland University listed as Additional Insured on CGL and Auto Liability Sub-contractors endorsements must name Oakland University as an Additional Insured including completed operations coverage |
||
| Coverage that may be required | Contractors' Pollution Liability | $5M per claim |
| Professional Liability | $2M per claim & $4M aggregate | |
| Builders' "All Risk" Policy for building additions | Consult Risk Management for limits | |
|
> $5M - $25M |
Workers' Compensation with Employer Liability and Alternate Employers Endorsement | Work Comp Statutory Limits/Employers' Liability $1M |
| Commercial General Liability* | $1M per occurrence & $2M aggregate | |
| Business Auto Liability* | $1M | |
| Excess Liability (umbrella) |
$5M | |
| Oakland University listed as additional insured on CGL and Auto Liability Sub-contractors endorsements must name Oakland University as an Additional Insured including completed operations coverage |
||
| Coverage that may be required | Contractors' Pollution Liability | $10M per claim |
| Professional Liability | $5M per claim & $5M aggregate | |
| Builders' "All Risk" Policy | Consult Risk Management for limits | |
|
> $25M - $50M |
Workers' Compensation with Employer Liability | Work Comp Statutory Limits/Employers' Liability $1M |
| Commercial General Liability* | $1M per occurrence & $2M aggregate | |
| Business Auto Liability* | $1M | |
| Excess Liability (umbrella) |
$10M per claim | |
| Oakland University Listed as additional insured on CGL and Auto Liability Sub-contractors endorsements must name Oakland University as an Additional Insured including completed operations coverage |
||
| Coverage that may be required | Contractors' Pollution Liability | $10M per claim & $20M aggregate |
| Professional Liability | $10M per claim & $20M aggregate | |
| Builders' "All Risk" Policy New construction: Value of the new construction/building Renovations to existing buildings that include adding square footage: Value of the project cost plus an additional $10M for the value of the existing building |
Consult Risk Management for limits | |
|
> $50M |
Workers' Compensation with Employer Liability | Work Comp Statutory Limits/Employers' Liability $1M |
| Commercial General Liability* | $1M per occurrence & $2M aggregate | |
| Business Auto Liability* | $1M | |
| Excess Liability (umbrella) |
$15M per claim | |
| Oakland University Listed as additional insured on CGL and Auto Liability Sub-contractors endorsements must name Oakland University as an Additional Insured including completed operations coverage |
||
| Coverage that may be required | Contractors' Pollution Liability | $10M per claim & $20M aggregate |
| Professional Liability | Consult Risk Management for limits | |
| Builders' "All Risk" Policy New construction: Value of the new construction/building Renovations to existing buildings that include additional square footage: Value of the project cost plus an additional $10M for the value of the existing building |
Consult Risk Management for limits | |
*Required: Oakland University listed as Additional Insured.
Low-Medium Risk Projects < $5M
| Contractors/Sub-Contractors Minimum Coverage Required |
Limits |
| Workers' Compensation with Employer Liability | Work Comp Statutory Limits/Employers' Liability $1M |
| Commercial General Liability (including Completed Operations Coverage) | $1M per occurrence & $2M aggregate |
| Business Auto Liability | $1M |
| Excess Liability (umbrella) | $1M |
| Oakland University listed as Additional Insured | |
| Project - if not listed consult Risk Management | |
| Alarm Systems (fire/security) | Landscaping (Higher limits required for electrical, irrigation, or excavation - see High Risk Project Limits) |
| Carpet Cleaning | Nonstructural Remodeling |
| Concrete in Major Traffic Area | Painting - interior and/or exterior |
| Concrete Repair Work - Minor | Pavement Sealing or Repairs |
| Equipment Rental w/ Operator (no cranes*) | Roofing - Minor |
| Fencing | Signs - no welding |
| Flooring Installation | Street Repair - Minor |
| Furniture Repair | Structural Repair - Minor |
| Glass Installation | *Cranes require High Risk Limits |
| Low-Medium-High Risk Projects - Sub-contractors endorsements must name Oakland University as an Additional Insured including completed operations coverage | |
High Risk Projects < $5M
| Contractors/Sub-Contractors Minimum Coverage Required |
Limits |
| Workers' Compensation with Employer Liability | Work Comp Statutory Limits/Employers' Liability $1M |
| Commercial General Liability (including Completed Operations Coverage) | $1M per occurrence & $2M aggregate |
| Business Auto Liability | $1M |
| Excess Liability (umbrella) | $5M |
| Coverage that may be required: | |
| *Contractors' Pollution Liability | $5M per claim |
| Professional Liability | $2M per claim/$2M aggregate |
| **Aviation Liability | $10M |
| Builders' Risk | Consult with Risk Management |
| Project - if not listed consult Risk Management | |
| Asbestos & Lead Abatement* | HazMat Abatement/Disposal* |
| Bleachers & Seating | Helicopter w/ Operator** |
| Boilers/Steam Generators | Interior/Exterior Remodeling High-risk |
| Boring or Tunneling | Kitchen/Lab Work Near High valued Equipment |
| Building Renovation Major | Landscaping requiring electrical, irrigation or heavy excavation requiring heavy machinery (i.e. backhoe, bulldozer, etc.) |
| Crane Rental w/ Operator Demolition | Roofing - Major |
| Electrical High-voltage | Underground Work |
| Elevator Repair | Welding/Torch Cutting |
| Heavy Construction Equipment Rental | |
| Low-Medium-High Risk Projects - Sub-contractors endorsements must name Oakland University as an Additional Insured including completed operations coverage | |
OU Administrative Policies and Procedures
