Grantee Insurance Requirements
The grantee organization's name (or the fiscal sponsor’s name if applicable) appears as insured.
If the grantee is fiscally sponsored, then:
Provide a copy of the fiscal sponsor agreement that indicates the grantee is covered under the fiscal sponsor’s policy
The fiscal sponsor’s Certificate of Insurance is uploaded to the portal
Grantees must maintain active insurance for the duration of their BCYF Grant Award. Grantees will receive a 30-day notice from the Compliance Team for any policies that are about to expire.
Commercial General Liability
Required for all grantees.
Occurrences: $1 Million
General Aggregate Limits Minimum: $3 Million (If Umbrella/Excess coverage is obtained, this can be added to the General Liability Limits to meet the BCYF requirement, i.e. $2M General Aggregate + $1M Umbrella would meet the BCYF requirement)
Policy Number is Included
Baltimore Children & Youth Fund is named as an additional insured
Baltimore Children & Youth Fund
10 E. North Ave.
Baltimore, MD 21202
Baltimore City is named as an additional insured
Mayor and City Council Of Baltimore
Office of Risk Management - Central Bureau of Investigation
7 E. Redwood St., 6th Floor
Baltimore, MD 21202
Blanket Crime
Required for all grantees.
Minimum coverage required meets or exceeds $110,000, up to a maximum of $1,000,000.
Minimum is $110,000 regardless of the total annual award amount.
If the total annual award amount exceeds $110,000, Blanket Crime coverage must match that amount.
For example:
If your total annual award is $90,000 = $110,000 Blanket Crime minimum required coverage
If your total annual award is $125,000 = $125,000 Blanket Crime minimum required coverage
“Blanket Crime” is specifically stated, or a memo is uploaded
Explicitly states “employee theft and forgery or alteration,” or a memo is uploaded
Policy Number Included
Baltimore Children & Youth Fund is named as a loss payee
Baltimore Children & Youth Fund
10 E. North Ave.
Baltimore, MD 21202
Baltimore City is named as a loss payee
Mayor and City Council of Baltimore
Office of Risk Management - Central Bureau of Investigation
7 E. Redwood St., 6th Floor
Baltimore, MD 21202
Abuse & Molestation Coverage
Required for grantee organizations who serve youth under 18 years old. If no youth under 18 years old are in contact with the organization, submit a Signed Affidavit on your organization’s letterhead. A new A&M Affidavit must be submitted on July 1 of each Grant Year.
“Abuse and Molestation” is specifically stated, or a memo is uploaded
Specifically states “Per Occurrence” at $100,000
Policy Number is Included
Worker’s Compensation
Required for organizations with one (1) or more employees. If the organization does not have employees and workers’ compensation insurance isn’t required, submit a Signed Affidavit on your letterhead. A new WC Affidavit must be submitted on July 1 of each Grant Year.
At levels required by State and any federal requirements (per statute, box is checked)
Policy Number is Included
Professional Liability Errors & Omissions
Specifically states “Per Occurrences” at $1 Million
Policy Number is Included
Insurance Companies Ratings
Insurance company or companies have a financial strength of A or better
Insurance company or companies have a financial size category of VII or higher
Insurance company or companies are licensed/approved to do business in Maryland
Reference
Redacted Example of a Certificate of Insurance Document - see attached.
