The minimum insurance requirements for security vendors are listed below. For additional information regarding insurance, contact Risk Management. A Certificate of Insurance is to be sent to Risk Management reflecting the following insurance coverages:
| Commercial General Liability |
$1,000,000 per occurrence $2,000,000 aggregate |
| Automobile Liability | $1,000,000 CSL |
| Automobile Physical Damage | |
| Statutory Workers' Compensation** | |
| Employer's Liability | $1,000,000 |
|
Professional Liability (May be part of CGL policy) |
$1,000,000 per occurrence $2,000,000 aggregate |
| Fidelity Bond | $50,000 |
For all of these coverages except Workers Compensation or Fidelity Bond, provide an endorsement naming the Production Entity, its parent(s), subsidiaries, successors, licensees, related & affiliated companies, their officers, directors, employees, agents, representatives & assigns as Additional Insureds as their interests may appear and as Loss Payees as their interests may appear.
All endorsements required above must indicate that Named Insured's insurance is primary and any insurance maintained by the Additional Insureds is non-contributing to any of the Named Insured’s insurance.
**Worker’s Compensation coverage to include a Waiver of Subrogation endorsement in favor of the Production Entity, its parent(s), subsidiaries, successors, licensees, related & affiliated companies, their officers, directors, employees, agents, representatives & assigns.
Policy must contain a Thirty (30) Day written notice of cancellation, non-renewal or material reduction in coverage. Failure to maintain the above-referenced coverages continuously or conform to these provisions shall be a material breach giving Company the right to terminate this agreement.
The insurance carriers must be licensed in the state where services are being provided & have an A.M. Best Guide Rating of at least A:VII
CERTIFICATE HOLDER:
Production Entity, and Netflix Studios LLC.