The Licensing Corner
Rooney Nimmo PC
BIG COMPANY INSURANCE REQUIREMENTS FOR SOFTWARE AND TECHNICAL SERVICES VENDORS
Contract templates of big company ("BigCo") procurement departments for the purchase of software and technical services typically obligate the vendor to procure various categories of insurance, and to name BigCo as an additional insured on these policies. These insurance requirements are fairly uniform in the types of insurance required, ranging from "contractual liability" to "employer’s liability." Additionally, they often require the vendor to waive, or require the vendor to obligate the vendor’s insurer to waive, "rights of subrogation."