Minimum Insurance Requirements
Facilities Planning and Construction contracts supersede these requirements for construction or remodeling contracts for which they provide project management.
Minimum AM Best rating of B+VII is applicable in all cases. Exceptions must be reviewed by the Office of Risk Management at the Texas Tech University System.
The general liability general aggregate must apply PER PROJECT, and the care, custody and control exclusions must be modified, by endorsement, such that our buildings are NOT excluded from the contractor’s general liability coverage for damage arising from the work they are performing in or on the building.
Certain contracts may require special insurance such as:
- Aviation Liability
- Builder’s Risk
- Installation Floater
- Professional Liability
- Umbrella or Excess Liability
Contact the Office of Risk Management for additional guidance.