Insurance Requirements for Facility Improvement Projects
Plans for improvements, alterations, repairs, etc., for any department must be sent to the Director of Physical Plant for approval. The following are Loyola University New Orleans' minimum insurance standards for contractors/vendors performing services on its premises or performing work for the University related to any facility improvement, alteration, repair, or similar project:
Insurance Requirements for Vendors, Contractors, Services Providers, etc.
During the term of the contract, the Contractor at its sole cost and expense shall provide commercial insurance from an insurer with a current A.M. Best rating of no less than A- VIII, and of such type and with such terms and limits as may be reasonably associated with the contract. At a minimum, the Contractor shall provide and maintain the following coverages, limits, and endorsements:
Insurance Requirements for Contractors
All contractors and vendors (service providers, suppliers, building or maintenance contractors, etc.) coming on to Loyola's premises to do work are required to carry insurance to protect themselves and Loyola University New Orleans. Insurance is necessary to cover any claims or losses for which the contractor or vendor may be responsible.
Occupational Injuries and Workers Compensation
Loyola University New Orleans employees who incur bona fide occupational-related injuries or illnesses shall be entitled to all necessary medical and hospital care. Injured employees who miss more than seven days of work, and are found eligible, will also receive compensation for a portion of their lost wages.
Code of Ethics
Aware of the importance of obtaining the respect and confidence of colleagues, students, parents, and other members of the community, the Risk Management office strives to achieve and maintain the highest degree of ethical standards. Our business and social interactions are a vital expression of those standards and are exemplified by our joint and individual actions. As professionals and as individuals, we adhere to the following Code of Conduct:
University Risk Management and Insurance Association (URMIA)
About Risk Management
Risk Management at Loyola is a function of the Office of Finance and Administration. Our mission is to protect all University financial, human, and physical resources from loss. We utilize various types of insurance, legal analysis, and risk reduction methods. Essentially, the Risk Management Office exists to centralize efforts to control the University's losses from unforeseen events.
Travel Safety
Domestic and international travel are regular activities for many people at the University. The safety issues and risks involved in travel at home or abroad are extensive and varied depending upon the nature of the trip, destination, mode of travel, etc. Loyola has specific policies, procedures and/or guidelines for dealing with some travel issues.
Please see the following links for more information. If you have any questions or concerns about travel safety issues related to trips you may need to make, please consult with the Risk Management office.
Threat, Hazard and Accident Reporting Guide
Loyola University is committed to providing a safe and healthy environment for all its employees, students, and visitors. To help meet that commitment, the University has developed this threat and hazard reporting guide. It is intended to encourage effective communication of safety and security threats and hazards. Loyola will endeavor to fully investigate and correct situations that pose any threat. If you have any questions about how to report a situation, please contact Risk Management.
Risk Management Resources
Risk Management offers several resources to the campus community to minimize risk or liability to the university. To find out more, explore the links below: