Builders’ Risk/Installation Floater Insurance Sample Clauses

Builders’ Risk/Installation Floater Insurance. The Contractor bears all responsibility for loss to all equipment or Work under construction. Unless waived in writing by the City the Contractor will purchase and maintain in force Builders’ Risk/Installation Floater insurance on the entire Work until completed and accepted by the City. This insurance will be Special Causes of Loss policy form, (minimally including perils of fire, flood, lightning, explosion, windstorm and hail, smoke, aircraft and vehicles, riot and civil commotion, theft, vandalism, malicious mischief, and collapse), completed value, replacement cost policy form equal to the contract price and all subsequent modifications. The Contractor’s Builders’ Risk/Installation Floater insurance must be primary and not contributory. 1. Builders’ Risk/Installation Floater insurance must cover the entire Work including reasonable compensation for architects and Contractors’ services and expenses and other “soft costs” made necessary by an insured loss. Builders’ Risk/Installation Floater insurance must provide coverage from the time any covered property comes under the Contractor’s control and or responsibility, and continue without interruption during course of construction, renovation and or installation, including any time during which any project property or equipment is in transit, off site, or while on site for future use or installation. Insured property must include, but not be limited to, scaffolding, false work, and temporary buildings at the site. This insurance must also cover the cost of removing debris, including demolition as may be legally required by operation of any law, ordinance, regulation or code. 2. The Contractor must also purchase and maintain Boiler and Machinery insurance with the same requirements as Builders’ Risk/Installation Floater insurance cited above if the Work to be performed involves any exposures or insurable property normally covered under a Boiler and Machinery insurance policy or made necessary as required by law or testing requirements in the performance of this Contract/Agreement. The Contractor will be responsible for any and all deductibles under these policies and the Contractor waives all rights of recovery and subrogation against the City under the Contractor’s Builders’ Risk/Installation Floater insurance described herein. 3. Builders’ Risk/Installation Floater Insurance must be maintained until whichever of the following first occurs: (i) final payment has been made; or, (ii) until no person or enti...

Builders’ Risk/Installation Floater Insurance. During the course of any construction or alteration of Improvements on the Leased Premises by Lessee, Lessee must maintain in force, at its own expense, Builders Risk/Installation Floater Insurance, including soft costs and any offsite locations, on an all risk of direct physical loss form, including earthquake and flood, for an amount proportionate to the amount of the construction contracts performed on the Leased Premises. Any deductible amount must not exceed Two Hundred Fifty Thousand Dollars ($250,000) for each loss, except earthquake and flood deductibles which must not exceed two percent (2%) of the value at risk at the time of each loss or Two Hundred Fifty Thousand Dollars ($250,000) for each loss, whichever is more. Alternatively, Lessee may provide a complete copy of Builders Risk/Installation Floater Insurance coverage held by Xxxxxx’s contractor, which provides at least equivalent coverage, for the entire project of which the Improvements to be constructed pursuant to this Lease are a part.

Builders’ Risk/Installation Floater Insurance. During the course of any construction or alteration of any facilities or improvements, if any, on the Leased Premises by Lessee, Lessee shall maintain in force, at its own expense, Builders Risk/Installation Floater Insurance, including soft costs and any offsite locations, on an all risk of direct physical loss from, including earthquake and flood (if reasonably available), for an amount proportionate to the amount of the construction contracts performed on the Leased Premises. Any deductible amount shall not exceed two hundred fifty thousand dollars ($250,000) for each loss, except earthquake and flood deductibles shall not exceed two percent (2%) of the value at risk at the time of each loss or two hundred fifty thousand dollars ($250,000) for each loss, whichever is more. The policy shall include, as an additional insured, Lessor as its interests may appear and such status as an additional insured shall be evidenced by an endorsement acceptable to Lessor.

Builders’ Risk/Installation Floater Insurance. The Contractor bears all responsibility for loss to all equipment or Work under construction. Unless waived in writing by the City the Contractor will purchase and maintain in force Builders’ Risk/Installation Floater insurance on the entire Work until completed and accepted by the City. This insurance will be Special Causes of Loss policy form, (minimally including perils of fire, flood, lightning, explosion, windstorm and hail, smoke, aircraft and vehicles, riot and civil commotion, theft, vandalism, malicious mischief, and collapse), completed value, replacement cost policy form equal to the Agreement Price and all subsequent modifications. The Contractor’s Builders’ Risk/Installation Floater insurance must be primary and not contributory.

Builders’ Risk/Installation Floater Insurance. Builders’ Risk/Installation Floater Insurance must be maintained until whichever of the following first occurs: (i) final payment has been made; or, (ii) until no person or entity, other than Licensor, has an insurable interest in the property required to be covered. (a) The Builders’ Risk/Installation Floater insurance must be endorsed so that the insurance will not be canceled or lapse because of any partial use or occupancy by Licensor. (b) The Builders Risk/Installation Floater insurance must include as named insureds, Licensor, Licensee, and all tiers of contractors and others with an insurable interest in the Work. (c) The Licensee is responsible for payment of all deductibles under the Builders’ Risk/Installation Floater insurance policy.

Builders’ Risk/Installation Floater Insurance. The Entity shall, at its sole expense, purchase, 37 maintain and keep in force at all times during the construction phase of the Facilities Lease term, until the date 38 of transfer of the insurable interest to and acceptance by the District, a Builder’s Risk/Installation Floater 39 policy (Property Insurance). Such insurance shall protect the District, the Contractor, Subcontractors, Sub- 40 Subcontractors and Material Suppliers at every tier, as their interests may appear, from loss or damage to work 41 in the course of construction. Property insurance shall be on a "Special Form" or equivalent policy and shall 42 include, without limitation, insurance against the perils of fire (with extended coverage) and physical loss or 43 damage including, without duplication of coverage, theft, vandalism, malicious mischief, collapse, earthquake 44 (including full coverage for all losses caused by “Acts of God,” as defined by California Public Contract Code 45 section 7105), flood, windstorm, falsework, mechanical breakdown or electrical damage including testing and 46 startup, magnetic disturbance, changes in temperature or humidity, temporary buildings, loss that ensues from 47 defective material or workmanship, explosion, and debris removal including demolition occasioned by 1 enforcement of any applicable legal requirements, and shall cover reasonable compensation for the District’s 2 Representative's, Architect's, Construction Manager’s, other District Consultants’ and Contractor's services 3 and expenses required as a result of such insured loss in the amount of one hundred percent (100%) of the 4 replacement cost of the Project. In addition there shall be coverage in the amount of twenty percent (20%) of 5 the replacement cost for Extra Expense and Loss of Use and thirty percent (30%) of the replacement cost for

Builders’ Risk/Installation Floater Insurance. Builders’ Risk/Installation Floater Insurance must be maintained until whichever of the following first occurs: (i) final payment has been made; or, (ii) until no person or entity, other than Licensor, has an insurable interest in the property required to be covered. Licensee may self-insure this risk. Licensee is responsible for payment of all deductibles under the Builders’ Risk/Installation Floater insurance policy.

Builders’ Risk/Installation Floater Insurance. If construction activities will be funded by the Xxxxx, Xxxxx Recipient or its Contractor(s) shall procure and maintain, prior to and for the duration of the construction phase of the Project, “All Risk” Builder’s Risk insurance or Installation Floater insurance at least as broad as ISO form number CP0020 (Builder’s Risk Coverage Form) with ISO form number CP0020 (Causes of Loss – Special Form). The coverage shall insure for direct physical loss to property of the Project for 100% of the replacement value. The policy shall be endorsed to cover the interests, as they may appear, of King County, Grant Recipient, and Contractor(s) of all tiers. In the event of a loss to any or all of the work and/or materials therein and/or to be provided at any time, Grant Recipient or its Contractor(s) shall promptly reconstruct, repair, replace, or restore all work and/or materials so destroyed. Policy shall include a waiver of subrogation in favor of King County.

Builders’ Risk/Installation Floater Insurance. Required Not required

Builders’ Risk/Installation Floater Insurance. During the course of any construction or alteration of the Premises by Lessee, Lessee shall maintain in force, at its own expense, Builders Risk/Installation Floater Insurance, including soft costs and any offsite locations, on an all risk of direct physical loss from, including earthquake and flood (if reasonably available), for an amount proportionate to the amount of the construction contracts performed on the Premises. Any deductible amount shall not exceed two hundred fifty thousand dollars ($250,000) for each loss, except earthquake and flood deductibles shall not exceed 2 percent (2%) of the value at risk at the time of each loss or two hundred fifty thousand dollars ($250,000) for each loss, whichever is