Password policy error on install

Just installed a copy of drupal commons on one of my websites to take a look at the admin functionality, and it looks like the password policy module is not working.  At the end of the install I received an error about the policy table not existing, and when I logged in and took a look around at the logs I found this error:

Column length too big for column &#039;policy&#039; (max = 255); use BLOB or TEXT instead query: CREATE TABLE password_policy ( `pid` INT NOT NULL auto_increment, `name` VARCHAR(64) NOT NULL DEFAULT &#039;&#039;, `description` VARCHAR(255) DEFAULT &#039;&#039;, `enabled` TINYINT NOT NULL DEFAULT 0, `policy` VARCHAR(1024) NOT NULL DEFAULT &#039;&#039;, `created` INT NOT NULL DEFAULT 0, `expiration` INT DEFAULT NULL, `warning` VARCHAR(64) DEFAULT NULL, `weight` TINYINT NOT NULL DEFAULT 0, PRIMARY KEY (pid) ) /*!40100 DEFAULT CHARACTER SET UTF8 */ in <path to website>/includes/database.inc on line 550.

Not sure if this is something wrong on my web server or with drupal commons.  Thanks!