What is a hospital purchase contract insurance schedule?

A hospital purchase contract insurance schedule is the dedicated section of the hospital-to-supplier agreement that lists the insurance the supplier must maintain. For a 503B outsourcing facility, the schedule typically includes commercial general liability with products and completed operations limits, dedicated recall coverage, druggist professional liability, automobile liability, workers compensation at statutory limits, umbrella, and cyber.

Specific terms recurring across hospital purchase contract schedules: products and completed operations at $5 million to $10 million per occurrence and aggregate, additional insured for the hospital, its officers, directors, and trustees on a primary and non-contributory basis, waiver of subrogation, 30-day notice of cancellation (actual carrier notice, not "endeavor to provide"), and ACORD certificate format with specified language in the Description of Operations.

Schedules are enforced through procurement system credentialing (Symplr, Reptrax, Vendormate) and through contract terms that suspend purchasing if the COI lapses. Most 503Bs supplying multiple hospital systems discover that the union of all schedules is materially tougher than any single schedule, and they should build the program to satisfy the toughest schedule so a single COI works across the entire customer base.