Vendor Insurance Requirements

Commercial General Liability (“CGL”)

• Minimum limits: $1,000,000 per occurrence / $2,000,000 general aggregate
• CGL shall be written on an occurrence basis and include contractual liability and products-completed operations coverage.
• Vendor shall cause Four Walls Realty and Four Walls Property Management LLC, in its capacity as property manager, and Owner(s) (as applicable to the Property where Services are performed) to be named as additional Insureds (by endorsement) for ongoing and completed operations.
• Coverage shall be primary and noncontributory to any insurance maintained by Four Walls Realty, Four Walls Property Management LLC, and Owner(s).

Automobile Liability

• Required for any vehicle used in connection with Services
• Minimum limits: $1,000,000 Combined Single Limit (CSL) per accident
• Coverage shall apply to owned, hired, and non-owned autos, as applicable.
• If personal auto is used in connection with Services, Vendor shall provide evidence reasonably acceptable to Manager (declaration page and/or agent letter) that such business use is permitted and that the required limits are maintained
• Certificate Holder: Four Walls Realty and Four Walls Property Management LLC must be listed as Certificate Holder on the Certificate of Insurance
• Auto Liability shall name Four Walls Realty, Four Walls Property Management LLC, and Owner(s) (as applicable to the Property where Services are performed) as Additional Insureds (where obtainable) and shall be primary and noncontributory where obtainable. Vendor shall provide written confirmation from its insurer/agent if such endorsements are not available.
• Auto liability coverage shall not include exclusions that materially restrict coverage for the Services performed.

Workers’ Compensation / Employer’s Liability

• Required if Vendor has any employees or other workers for whom coverage is required by applicable law, including leased, temporary, or borrowed workers.
• Workers’ Compensation: Statutory limits as required by law in the jurisdiction where Services are performed.
• Employer’s Liability: $500,000 each accident / $500,000 disease-policy limit / $500,000 disease-each employee (minimum)
• Waiver of Subrogation (by endorsement) required in favor of Four Walls Realty, Four Walls Property Management LLC, and Owner(s), where permitted and commercially available
• If Vendor represents that it has no employees and is exempt from workers’ compensation coverage, Vendor shall provide a signed written attestation acceptable to Manager and shall not use any employees, helpers, day workers, temporary workers, or subcontractors without Manager’s prior written consent. If Vendor represents that it has no employees or workers requiring coverage, Vendor acknowledges that Manager is relying on that representation and that any use of workers without prior written approval constitutes a material breach.

Umbrella/Excess Liability

• Required for higher-risk trades, including but not limited to general contractors; roofing; structural work; electrical work; and tree services (and any other trade designated by Manager or required by an applicable Owner).
• Minimum limits of $1,000,000 per occurrence (or higher if required by Manager or Owner(s) based on scope of work).
• Shall be written on a follow-form basis over the required CGL and automobile liability coverage (where applicable) and shall not be more restrictive than the underlying coverage with respect to Services
• To the extent available under the policy form, coverage shall extend additional insured and primary/noncontributory protection to Four Walls Property Management LLC, Four Walls Holdings LLC, and applicable Owner(s) to the same extent such protections are afforded under the underlying policies. If the policy does not automatically extend such protections, Vendor shall provide an Umbrella/Excess Additional Insured endorsement (and primary/noncontributory endorsement if separately available) naming Manager and Owner(s), as evidenced by a COI and declaration page (or equivalent) showing limits, policy term, and scheduled underlying policies, and any required endorsements.

Proof of Insurance / Endorsements

• Certificate of Insurance (COI) shall be issued and delivered by Vendor’s insurance agent or broker.
• Vendor shall provide copies of all required endorsements, including additional insured, primary and noncontributory, and waiver of subrogation endorsement, prior to commencing Services, upon renewal, and upon Manager’s request. 

*see your Vendor Agreement for full details