Insurance

Loyola Marymount University has written policies and procedures that must be followed by all departments and personnel. The Risk Management Department disseminates information on the following policies and procedures.

Coordination of Insurance-Related Activities

Loyola Marymount University purchases insurance to provide coverage for a wide range of activities and properties as well as health insurance for our students. Failure to provide adequate coverage can place us in the position of paying high replacement costs for damaged or destroyed property or bearing the total cost of expensive litigation related to our teaching, research and business activities. Our strategy is to establish a centrally coordinated insurance program in order to ensure that the University is getting the best value for its premiums, that coverage is not duplicated and that the various policies do not conflict with one another.

This policy is applicable to all university departments and covers all types of insurance, including but not limited to, property, general liability, medical malpractice, professional liability, and auto liability.

All university departments shall coordinate all insurance related activities with the Risk Management Department. The types of insurance-related activities include:

For all such requests, please contact Risk Management.

Insurance Requirements for Independent Contractors, Vendors, & Suppliers

The following are Loyola Marymount University's requirements for any contractor,vendor, or supplier providing the campus with materials or performing a service on behalf of the University. Such contractor or vendor shall, at its sole cost and expense, shall insure its activities and obtain, keep in force, and maintain insurance as follows:

  • Commercial General Liability: $1 million each occurrence, $3 million total
  • Automobile Liability: $1 million each occurrence
  • Workers' Compensation: Statutory limits
  • Employers Liability: $1 million each accident
  • Professional Liability: $1 million each accident & per claims made

The Certificate of Insurance must provide specific information as to the date and contract/activity/event for which it is issued. Loyola Marymount University must be named as an Additional Insured with respect to General Liability and Auto Liability.

Insurance Exemption Criteria

  • The likelihood of an accident is negligible.
  • The likelihood of injury or damage is negligible if an accident does occur.
  • The likelihood that an accident will result in a lawsuit is negligible.
  • No work is performed more than 6'-0" off the ground.
  • No construction work, no electrical or plumbing work.
  • Products or commodities must be standard "off the shelf" items.

Some Exemption Categories

Note: Other exemptions may exist.

  • Primary activity is speaking/listening.
  • No professional training in the use of lifesaving or technical equipment.
  • No physical activities or lab activities.
  • No field trips or driving.
  • Is working at the request of, and on behalf of, LMU.
  • LMU owned and controlled equipment.
  • No controversial social or political issues.

Repeat: All exceptions must be made by the Risk Management Department and cannot be made by the department engaging the vendor.