Additional Requirements for Commercial Sample Clauses

Additional Requirements for Commercial. Policies in Paragraphs 1.5.3.3.3 through 1.5.3.3.5

Additional Requirements for Commercial. Policies in Paragraphs 1.5.3.3.3 through 1.5.3.3.5 The policy shall name as additional Insureds the officers, members, and employees of the Owner and the Using Agency. The policy must be on an "occurrence” basis. Builders Risk Insurance. CM/GC shall provide a Builder’s Risk Policy to be made payable to the Owner and CM/GC, as their interests may appear. The policy amount should be equal to 100% of the Contract Sum, written on a Builder’s Risk “All Risk”, or its equivalent. The policy shall be endorsed as follows: The following may occur without diminishing, changing, altering or otherwise affecting the coverage and protection afforded the insured under this policy: Furniture and equipment may be delivered to the insured premises and installed in place ready for use; and Partial or complete occupancy by Owner; and Performance of work in connection with construction operations insured by the Owner, by agents or lessees or other CM/GCs of the Owner or Using Agency In the event that the Contract is for renovation, addition or modification of an existing structure and Builders Risk Insurance is not available, the Owner will accept an Installation Floater Insurance Policy with the above endorsements in lieu of the Builders' Risk Insurance Policy. Such floater must insure loss to materials and equipment prior to acceptance by Owner and must be on an ALL RISK BASIS with the policy written on a specific job site. Disposition of Insurance Documents. One original certificate of insurance with all endorsements attached must be deposited with Owner for each insurance policy required.

Additional Requirements for Commercial. Policies in Paragraphs 1.5.3.3.3 through 1.5.3.3.5 The policy shall name as additional Insureds the officers, members, and employees of the Owner and the Using Agency. The policy must be on an "occurrence” basis.