If you’re a third-party vendor, independent teacher, medical professional, contractor, or business looking to work with the Board of Education of the City of Chicago, understanding the insurance requirements is essential. This post provides a friendly, informative overview of the necessary insurance coverages and guidelines to help you navigate the process smoothly.
Why Insurance is Important
Insurance is a critical component of doing business with Chicago Public Schools. It ensures that all parties are protected in case of unforeseen events, providing peace of mind and financial security. The insurance requirements vary based on the product or services of a particular vendor to the Board of Education of the City of Chicago, but generally, the following requirements are included with the contract.
Key Insurance Requirements
- SAM, Sexual Abuse and Molestation Insurance: for all professionals that will be working with SFUSD students, coverage for sexual abuse and molestation in the limits at least $1 million each occurrence and $2 million is required and mandatory.
- General liability Insurance shall be at least as broad as Insurance Services office General Liability Coverage (Occurrence Form CG 0001), with coverage limits of not less than One Million Dollars ($1,000,000) per occurrence for bodily injury, personal injury and property damage/ Two Million Dollars ($2,000,000) aggregate.
- Automobile liability insurance – generally not required for educational services, for all others that use autos in the course of business, coverage limits of at least One Million Dollars ($1,000,000) for CSL (combined single limit).
- Professional liability – Errors and Omissions Insurance: errors and omissions insurance is required for educational and medical professionals, on an claims made basis with a limit of at least One Million Dollars ($1,000,000) per occurrence and Two Million Dollars ($2,000,000) aggregate with a deductible in an amount not to exceed the sum of Ten Thousand Dollars ($10,000.00).
- Worker’s compensation and Employer’s Liability Insurance: the business shall insure (or be a qualified self-insured) under the applicable laws relating to workers’ compensation insurance, all of their employees working on the Project, in accordance with the “Workers Compensation and Insurance Act,” Division IV of the California Labor Code and shall provide employer’s liability insurance in the amount of at least Five Hundred Thousand Dollars ($500,000) per accident for bodily injury and disease.
- Excess/Umbrella Liability in amount of $2M.
- Other coverage may be required:
– Cyber/Privacy Liability $1M (each occurrence or claim)
– Property Insurance
– Contractor’s Pollution $1M (each occurrence or claim)
– Builder’s Risk
– Railroad Protection
- All insurance carriers must demonstrate A.M. Best financial strength rating (FSR) of A- or better.
- Certificate Wording: General and Automobile Liability Insurance policies endorsed to provide that “the Board of Education of the City of Chicago, a body politic and corporate, and its members, employees and agents, and any other entity as may be designated by the board are named as additional insured on a primary basis without recourse or right of contribution from the Board“.
- Certificate Holder:
Board of Education of the City of Chicago
42 W. Madison
Chicago, IL 60602
Email: riskmanagement@cps.edu
- Certificate Monitoring: Vendor Applicant must register with the insurance certificate monitoring company designated by the Board and indicated below, and must maintain a current insurance certificate on file during the entire time of providing services to the Board. Respondent must register and pay the initial annual monitoring fee to the insurance certificate monitoring company prior to performing services for the Board. The initial annual monitoring fee is currently Twelve Dollars ($12.00) per year, which is subject to change.
### Disclaimer
The information provided in this post is intended for general informational purposes only and is subject to change. It is the responsibility of each vendor, independent teacher, contractor, and business to ensure that the insurance requirements are current and valid. We strongly recommend contacting the Risk Management Finance Department of the Board of Education of the City of Chicago, directly to obtain the most recent and accurate list of requirements.
While Paperless Insurance Services has made every effort to verify the accuracy and validity of the information presented, we do not assume any responsibility for any issues or incorrect information that may arise. For the most current and specific insurance requirements, please consult with Risk Management Finance Department of the Board of Education of the City of Chicago or a qualified insurance professional.