The Applicant/Lessee must provide an Accord Certificate of Insurance with types and limits of insurance given at the time of submission of the Rental Application. Applications received without an accompanying Accord Certificate of Insurance will be declined and returned. (See NYOS Schedule of Minimum Insurance Requirements below)
The Accord Certificate of Insurance shall name NYOS Charter School as “Certificate Holder”. The Accord Certificate of Insurance must provide coverage for the whole term of the Rental Application. NYOS Charter School reserves all rights to accept or deny proposed coverage based on type, limits, and the named underwriter.
Schedule of Minimum Insurance Requirements
The following information is provided to inform the Applicant/Lessee of insurance requirements to be provided and approved before use of any NYOS Charter School (NYOS) facility.
NYOS does not purchase liability insurance for death, property damage, personal injury, or the operation of a motor vehicle by a member of the Applicant/Lessee’s organization, for the use of school property.
The Applicant/Lessee must provide an Accord Certificate of Insurance with the types and limits of insurance given below. The Accord Certificate of Insurance shall name NYOS Charter School as a Certificate Holder. NYOS Charter School reserves all rights to accept or deny proposed coverage based on type, limits, and the named underwriter.
All insurance coverage must be produced by an insurance agent licensed by the State of Texas Board of Insurance, and underwritten by an insurance company that has a minimum A rating in the current Best Book, is authorized to underwrite insurance in the State of Texas by the State Board of Insurance or its designee, and is acceptable to NYOS Charter School. The insured shall be the named Organization. NYOS Charter School should be listed as “Additional Insured” using the address of the Administration Offices at 12333 N. Lamar Blvd., Austin, TX 78753. The Accord Certificate of Insurance shall include the amounts of each deductible and all exclusions. The Accord Certificate of Insurance must provide coverage for the whole term of the Policy for the use of NYOS Charter School facilities. NYOS Charter School reserves the right to reject at any time a Certificate of Insurance submitted by an organization.
Commercial General Liability Insurance contains all coverage set out in the basic policy in Texas, including Products and Completed Operations, Contractual, Personal and Advertising Injury, Explosion, Collapse, and Underground Property Damage Hazard; insurance shall provide limits of:
| Policy Aggregate: |
(At least) $1,000,000 or state “NONE” |
| Each Occurrence: |
(At least) $1,000,000 |
| Products/Completed Operations Aggregate: |
(At least) $1,000,000 |
| Fire Damage: |
(At least) $ 50,000 |
| Automobile Liability Insurance: |
| Combined Single Limit: |
(At Least) $1,000,000 |
| (Required if the organization owns vehicles and will be using them on school property.) |
| Workers' Compensation |
(At least) $100,000 |
| (Required if the organization has employees who will be performing manual labor of any kind on school property.) |
| Umbrella |
(At Least) $2,000,000 |