SMIP Project Insurance Requirements

SMIP fund recip­i­ents must obtain and main­tain, through­out the term of the project, insur­ance in the types and amounts required. The SMIP recip­i­ent will be asked to sub­mit Cer­tifi­cates of Insur­ances for the required cov­er­age before work com­mences. Gen­er­al­ly, insur­ance lim­its for SMIP projects are:

Commercial General Liability

$1,000,000 per occurrence
$1,000,000 products/completed oper­a­tions aggregate
$2,000,000 gen­er­al aggregate
$25,000 max­i­mum deductible

Automobile Liability

$1,000,000 each occurrence

Workers Compensation and Disability Insurance

Proof of work­er’s com­pen­sa­tion and dis­abil­i­ty insur­ance, self-insur­ance or an exemp­tion are required. For orga­ni­za­tions car­ry­ing work­er’s com­pen­sa­tion insur­ance, we require a let­ter from the insur­ance provider stat­ing the orga­ni­za­tion’s Expe­ri­ence Mod­i­fi­ca­tion Rating.

Professional Liability

All awards for pro­fes­sion­al engi­neer­ing ser­vices for design, engi­neer­ing sur­veys, and/or con­struc­tion man­age­ment require a pro­fes­sion­al Errors and Omis­sions pol­i­cy pro­vid­ing lim­its of not less than $2 Mil­lion per claim, $2 Mil­lion aggre­gate, and a deductible or self-insured reten­tion not to exceed $50,000 per claim.

Media Lia­bil­i­ty

Pro­fes­sion­al media providers may be required to pro­vide proof of Media Lia­bil­i­ty insur­ance in the amount of $1 Mil­lion. This Errors & Omis­sions (E&O) insur­ance cov­ers film, video, mul­ti­me­dia and oth­er cre­ative works. E&O insur­ance can pro­vide cov­er­age for law­suits aris­ing from an error, omis­sion, defama­tion, inva­sion of pri­va­cy, emo­tion­al dis­tress, copyright/trademark infringe­ment, or mis­ap­pro­pri­a­tion that results from pro­duc­tion of media or oth­er cre­ative works.