Builder’s Risk (Course of Construction) Insurance. Contractor may submit evidence of Builder’s Risk insurance in the form of Course of Construction coverage. Such coverage shall name the Entity as a loss payee as their interest may appear. If the project does not involve new or major reconstruction, at the option of the Entity, an Installation Floater may be acceptable. For such projects, a Property Installation Floater shall be obtained that provides for the improvement, remodel, modification, alteration, conversion or adjustment to existing buildings, structures, processes, machinery and equipment. The Property Installation Floater shall provide property damage coverage for any building, structure, machinery or equipment damaged, impaired, broken, or destroyed during the performance of the Work, including during transit, installation, and testing at the Entity’s site.
Builder’s Risk (Course of Construction) Insurance. Contractor may submit evidence of Builder’s Risk insurance in the form of Course of Construction coverage. Such coverage shall name the City as a loss payee as their interest may appear. If the project does not involve new or major reconstruction, at the option of the City, an Installation Floater may be acceptable. For such projects, a Property Installation Floater shall be obtained that provides for the improvement, remodel, modification, alteration, conversion or adjustment to existing buildings, structures, processes, machinery and equipment. The Property Installation Floater shall provide property damage coverage for any building, structure, machinery or equipment damaged, impaired, broken, or destroyed during the performance of the Work, including during transit, installation, and testing at the City’s site.
Builder’s Risk (Course of Construction) Insurance. Design-Builder shall purchase and maintain builder’s risk property insurance in the amount of the Contract Sum on a replacement cost basis until Substantial Completion. The insurance shall cover the interest of Owner, Design- Builder, and any Subcontractors, as their interests may appear. There shall be no coinsurance penalty provisions.
Builder’s Risk (Course of Construction) Insurance. Contractor may submit evidence of Builder’s Risk insurance in the form of Course of Construction coverage. Such coverage shall name the City as a loss payee as their interest may appear. If the project does not involve new or major reconstruction, at the option of the Entity, an Installation Floater may be acceptable. For such projects, a Property Installation Floater shall be obtained that provides for the improvement, remodel, modification, alteration, conversion or adjustment to existing buildings, structures, processes, machinery and equipment. The Property Installation Floater shall provide property damage coverage for any building, structure, machinery or equipment damaged, impaired, broken, or destroyed during the performance of the Work, including during transit, installation, and testing at the Entity’s site. OTHER INSURANCE PROVISIONS The insurance policies are to contain, or be endorsed to contain, the following provisions: • ADDITIONAL INSURED STATUS The City, its officers, officials, employees, and volunteers are to be covered as additional insureds on the CGL policy with respect to liability arising out of work or operations performed by or on behalf of Consultant including materials, parts, or equipment furnished in connection with such work or operations. General liability coverage will be provided in the form of an endorsement to Consultant’s insurance (at least as broad as ISO Form CG 20 10 11 85, or if not available, through the addition of both CG 20 10 CG 20 26, CG 20 33, or CG 20 38; and CG 20 37 if a later edition is used). • PRIMARY COVERAGE For any claims related to this agreement, Consultant’s insurance coverage will be primary insurance as respects the City, its officers, officials, employees, and volunteers. Any insurance or self-insurance maintained by the City, its officers, officials, employees, or volunteers will be excess of Consultant’s insurance and will not contribute with it. • NOTICE OF CANCELLATION Each insurance policy required above shall state that the coverage shall not be canceled, except with written notice to the City. • WAIVER OF SUBROGATION Consultant hereby grants to the City a waiver of any right to subrogation which any insurer of said Consultant (other than with respect to the Professional Liability insurance) may acquire against the City by virtue of the payment of any loss, including attorneys’ fees, under such insurance. Consultant agrees to obtain any endorsement that may be necessary to effect this w...
Builder’s Risk (Course of Construction) Insurance. The Owner of Burbank will obtain and pay for the Builder’s Risk policy for this project. The Contractor will be responsible for the deductible portion of the policy. The deductible will be no greater than $100,000. Builder’s Risk shall specifically include equipment breakdown (boiler and machinery) coverage and not exclude soft costs.
Builder’s Risk (Course of Construction) Insurance. Contractor may submit evidence of Builder’s Risk insurance in the form of Course of Construction coverage. Such coverage shall name X.X. Xxxxx Plumbing & Heating, Inc. as a loss payee as their interest may appear. If the project does not involve new or major reconstruction, at the option of L.A. Perks Plumbing & Heating, Inc., an Installation Floater may be acceptable. For such projects, a Property Installation Floater shall be obtained that provides for the improvement, remodel, modification, alteration, conversion or adjustment to existing buildings, structures, processes, machinery and equipment. The Property Installation Floater shall provide property damage coverage for any building, structure, machinery or equipment damaged, impaired, broken, or destroyed during the performance of the Work, including during transit, installation, and testing at L.A. Perks Plumbing & Heating, Inc.’s site. Acceptability of Insurers Insurance is to be placed with insurers with a current A.M. Best rating of no less than A:VII if admitted in the State of Nevada. If Contractors Pollution Liability and/or Errors & Omissions coverages are not available from an admitted insurer, the coverage may be written by a non-admitted insurance company. A non-admitted company should have an AM Best rating of A:X or higher. Verification of Coverage Contractor shall furnish the L.A. Perks Plumbing & Heating, Inc. with original certificates and amendatory endorsements, or copies of the applicable insurance language, effecting coverage required by this contract. All certificates and endorsements are to be received and approved by the L.A. Perks Plumbing & Heating, Inc. before work commences. However, failure to obtain the required documents prior to the work beginning shall not waive the Contractor’s obligation to provide them. The L.A. Perks Plumbing & Heating, Inc. reserves the right to require complete, certified copies of all required insurance policies, including endorsements required by these specifications, at any time. We strongly recommend obtaining a copy of the policy declarations and endorsement page (make this a requirement in your Contract) to facilitate verification of coverages and spot any undesirable policy limitations or exclusions.
Builder’s Risk (Course of Construction) Insurance. During the course of construction of the Project, builders’ risk (course of construction) insurance coverage shall be provided on a “Special Form” basis on the work and all property to be incorporated therein. Such coverage shall be in an amount not less than the full replacement value of the completed structures. Coverage shall be written with a deductible not exceeding $25,000. Builders’ risk insurance coverage may be included in a wrap-up insurance.
Builder’s Risk (Course of Construction) Insurance. CONTRACTOR shall be responsible for all loss, damage or destruction whatsoever to the Work called for by this Contract until the approval of a Notice of Completion. CONTRACTOR shall secure "All Risk" type of builder's Risk Insurance of the type covering one hundred percent (100%) of the value of the Work performed under this Contract (the value is presumed to be the Contract amount unless otherwise stated in Supplemental Conditions) and all materials, equipment, or other items to be incorporated therein while the same are located at the construction site, a bonded warehouse, or its place of manufacture. At any time, the policy shall cover the value of the Work completed. The policy shall cover hazards including the losses due to fire, explosion, hail, rain, lightning, flood (separate insurance as needed), vandalism, malicious mischief, wind, collapse, aircraft, and smoke. The policies providing such insurance shall name CITY as a loss payee as its respective interests may appear, and certified copies of such policies shall be filed with CITY. The maximum deductible allowable under the Builder's All Risk policy shall be five percent (5%) of the Contract amount. Builder's Risk Insurance is not required for coverage of losses in excess of five percent (5%) of the Contract amount for damages resulting from earthquake in excess of a magnitude of
Builder’s Risk (Course of Construction) Insurance. .1 The Contractor shall at all times during construction and until all conditions of this Contract (except guarantee provisions) have been fully complied with, keep all buildings, structures, Works, equipment (other than Contractor's mobile equipment) and supplies, including materials which will form part of such building, Works, or structure, which is the subject matter of this Contract, insured in the joint name of the Owner, Engineer and the Contractor for an amount not less than the Contract Price against the following perils: "All risks of direct physical loss or damage from any cause whatsoever, including flood and earthquake, and subject to a maximum deductible of three percent (3%) of the Contract Price".
Builder’s Risk (Course of Construction) Insurance. Borrower may submit evidence of Builder’s Risk insurance in the form of Course of Construction coverage. Such coverage shall be in place prior to or concurrently with the commencement of construction, and shall name the City of Novato as a loss payee as their interest may appear.
