Certificates of Insurance
A certificate of insurance (COI) can provide evidence of insurance, and/or evidence that a third party is meeting its contractual insurance requirements. Risk Management requires, at a minimum, that a COI be collected and attached to each contract at the time of execution. This is SMU's standard process, regardless of the value of the contract, or whether using a Purchase Order or a Contract.
Additionally, If you are hosting or sponsoring an event on campus, you may be asked to obtain a COI from your vendor(s) as evidence that certain liabilities will be covered during the course of the activity or event. No matter what kind of vendor you’re working with, having the right COI, or evidence of insurance, will protect you and the SMU community.
Understanding the parts of a COI is important. Please view the sample COI, with explanations of what each of the sections entail.
SMU does maintain minimum insurance requirements for third party vendors. These requirements are standard in tandem with the appropriate contract, and can only be adjusted or waived by the Chief Risk Officer. Many contracts require evidence of additional coverages.
You may also be required to provide a Certificate of Insurance, or evidence of insurance, showing the University’s coverage to third parties as required by contract. To request a copy of SMU’s Certificate of Insurance, please contact Risk Management, 214-768-2083.