Insurance Agents
The Collegiate Licensing Company (CLC) is committed to assisting insurance agents/providers in their efforts to provide the required insurance coverage to their licensee clients.
All CLC licensees are required to obtain a minimum of $1 million in general insurance, including product liability and other coverage. Insurance is required to help protect the licensee, the institutions, and CLC in the case of any claims of damages or defects related to the collegiate licensed merchandise, as well as other liability claims. All licensees, regardless of products or potential risk, are required to obtain this insurance. Some licensees with higher risk products will be required to obtain additional coverage beyond the $1 million level.
CLC's insurance requirements are listed below:
1. A Certificate of Insurance must be provided to CLC, as a binder is not sufficient to meet CLC’s insurance requirements.
2. Commercial General Liability Coverage must be maintained, including product, advertising, and contractual liability insurance.
3. On the certificate, the licensee’s name must appear under "Insured." It may be listed as an "a.k.a." or "d.b.a."
4. A policy number and effective dates must be included on the certificate.
5. The certificate must be marked for Commercial General Liability coverage. The certificate must also be marked for the following: a. Bodily Injury ($1,000,000) b. Property Damage ($1,000,000) c. Personal & Advertising Injury ($1,000,000) d. $1,000,000 of coverage for Each Occurrence (Claims made policies are not accepted).
6. The "Description" area on the face of the certificate must include the following statement: "Additional Insured: The Collegiate Licensing Company ("CLC") all in accord with (insert applicable endorsement form number here, either a Grantor of License endorsement or a Designated Person or Organization endorsement), as modified and attached, hereto." [If your carrier uses Insurance Services Office (ISO) forms, the correct Grantor of License endorsement number is CG 20 36 10 01 and the correct Designated Person or Organization endorsement is CG 20 26 11 85 or CG 20 26 07 04. If you don't use ISO forms, you must use a Grantor of License or Designated Person or Organization equivalent. Please be sure to include the equivalent endorsement form number in the Description area of the certificate.]
7. A Grantor of License endorsement form (ISO form CG 20 36 10 01) or a Designated Person or Organization endorsement form (ISO form CG 20 26 11 85 or CG 20 26 07 04) must be signed by the agent (if applicable) and attached to the insurance certificate (it is not acceptable to include the endorsement language in the Description section of the certificate). CLC will only accept a Designated Person or Organization or Grantor of License endorsement. CLC will not accept a Vendors endorsement, Grantor of Franchise endorsement, or Owners, Lessees, or Contractors endorsements. The contractual relationship between CLC and the licensee does not fall within the parameters defined by these endorsement types. If your company does not use ISO forms, CLC will accept comparable forms as long as they are Grantor of License or Designated Person or Organization endorsements or equivalents.
8. The language of the additional insured endorsement must read exactly as follows: Name of Person or Organization The Collegiate Licensing Company ("CLC"), all institutions represented by CLC for which insured is licensed, and their respective officers, agents and employees.
9. The certificate holder must be listed exactly as follows: The Collegiate Licensing Company, 290 Interstate North Circle, Suite 200,
Atlanta, GA 30339
10. The policy number(s) must be included on the additional insured endorsement. We also recommend that the insureds name be included somewhere on the endorsement form if possible.
Detailed Insurance Information Document, including Insurance Agent Instructions, and Certificate and Endorsement Examples
Still Have Questions?
If you still have questions, please search CLC’s extensive Insurance FAQ database. If you can’t find the answers you’re seeking, please send an email to insurance@clc.com. Please include client’s name (the licensee), your insurance company name, a description of your question/needs, and your email and phone number within the body of your email, and we will contact you as soon as possible. You may also call 770-956-0520 and ask to speak to a CLC staff member that handles insurance.