Contractor’s and Subcontractor’s Insurance. The Property Manager shall require all contractors and subcontractors entering upon the Project to perform services to have insurance coverage at the contractor's or subcontractor's expense, in the following minimum amounts: (a) worker's compensation - statutory amount; (b) employer's liability (if required under applicable law) - $500,000 (minimum); and (c) comprehensive general liability insurance, including comprehensive auto liability insurance covering the use of all owned, non-owned and hired automobiles, with bodily injury and property damage limits of $1,000,000 per occurrence. The Property Manager may waive such requirements in its reasonable discretion. The Property Manager shall obtain and keep on file a certificate of insurance that shows that each contractor and subcontractor is so insured.
Appears in 3 contracts
Samples: Property and Asset Management Agreement (Behringer Harvard Reit I Inc), Property Management Agreement (Behringer Harvard Reit I Inc), Property and Asset Management Agreement (Behringer Harvard Reit I Inc)
Contractor’s and Subcontractor’s Insurance. The Property Manager shall require all contractors and subcontractors entering upon the Project Property to perform services to have insurance coverage at the contractor's ’s or subcontractor's ’s expense, in the following minimum amounts: (a) worker's ’s compensation - ‑ statutory amount; (b) employer's ’s liability (if required under applicable law) - ‑ $500,000 (minimum); and (c) comprehensive general liability insurance, including comprehensive auto liability insurance covering the use of all owned, non-owned non‑owned and hired automobiles, with bodily injury and property damage limits of $1,000,000 per occurrence. The Property Manager may waive such requirements in its reasonable discretion. The Property Manager shall obtain and keep on file a certificate of insurance that which shows that each contractor and subcontractor is so insured.
Appears in 1 contract
Samples: Property Management Agreement
Contractor’s and Subcontractor’s Insurance. The Property Manager shall require all contractors and subcontractors entering upon the Project to perform services to have insurance coverage at the contractor's or subcontractor's expense, in the following minimum amounts: (a) worker's compensation - statutory amount; (b) employer's liability (if required under applicable law) - $500,000 (minimum); and (c) comprehensive general liability insurance, including comprehensive auto liability insurance covering the use of all owned, non-non- owned and hired automobiles, with bodily injury and property damage limits of $1,000,000 per occurrence. The Property Manager may waive such requirements in its reasonable discretion. The Property Manager shall obtain and keep on file a certificate of insurance that shows that each contractor and subcontractor is so insured.
Appears in 1 contract
Samples: Property and Asset Management Agreement (Behringer Harvard Reit I Inc)
Contractor’s and Subcontractor’s Insurance. The Property Manager shall require all contractors and subcontractors entering upon the Project to perform services to have insurance coverage at the contractor's or subcontractor's expense, in the following minimum amountsamounts or such other amounts as may be required under the terms of any mortgage on the Project: (a) worker's ’s compensation - – statutory amount; (b) employer's ’s liability (if required under applicable lawrequired) - $500,000 (minimum)1,000,000; and (c) comprehensive general liability insurance, including comprehensive auto liability insurance covering the use of all owned, non-owned and hired automobiles, with bodily injury and property damage limits of $1,000,000 2,000,000 per occurrence. The Property Manager may waive such requirements in its reasonable discretion. The Property Manager shall obtain and keep on file a certificate of insurance that which shows that each contractor and subcontractor is so insured.
Appears in 1 contract