Common use of CONTRACTOR’S INSURANCE REQUIREMENTS Clause in Contracts

CONTRACTOR’S INSURANCE REQUIREMENTS. During the term of this Contract, the Contractor shall maintain in force, at its sole cost and expense, policies of insurance as required by this section. All insurance required by this section shall be written by companies that have an A.M. Best Company rating of “A-,” Class “VII” or better. In addition, companies writing insurance intended to comply with the requirements of this section should be licensed or authorized by the New York State Department of Financial Services to issue insurance in the State of New York. OGS may, in its sole discretion, accept policies of insurance written by a non- authorized carrier or carriers when certificates and/or other policy documents are accompanied by a completed Excess Lines Association of New York (ELANY) affidavit or other documents demonstrating the company’s strong financial rating. If, during the term of a policy, the carrier’s A.M. Best rating falls below “A-,” Class “VII”, the insurance must be replaced, on or before the renewal date of the policy, with insurance that meets the requirements above. The Contractor shall provide proof of compliance with the requirements set forth in this section for Contract renewal and upon request. The Contractor shall deliver to OGS evidence of the insurance required by this Contract in a form satisfactory to OGS. Policies must be written in accordance with the requirements of the paragraphs below, as applicable. While acceptance of insurance documentation shall not be unreasonably withheld, conditioned or delayed, acceptance and/or approval by OGS does not, and shall not be construed to, relieve the Contractor of any obligations, responsibilities or liabilities under this Contract. The Contractor shall not take any action, or omit to take any action that would suspend or invalidate any of the required coverages during the term of the Contract.

Appears in 39 contracts

Samples: Contract Pb094aa, Contract Pb111aa, Contract Pb090aa

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CONTRACTOR’S INSURANCE REQUIREMENTS. During the term of this Contract, the Contractor shall maintain in force, at its sole cost and expense, policies of insurance as required by this section. All insurance required by this section shall be written by companies that have an A.M. Best Company rating of “A-,” Class “VII” or better. In addition, companies writing insurance intended to comply with the requirements of this section should be licensed or authorized by the New York State Department of Financial Services to issue insurance in the State of New York. OGS may, in its sole discretion, accept policies of insurance written by a non- authorized carrier or carriers when certificates and/or other policy documents are accompanied by a completed Excess Lines Association of New York (ELANY) affidavit or other documents demonstrating the company’s strong financial rating. If, during the term of a policy, the carrier’s A.M. Best rating falls below “A-,” Class “VII”, ,” the insurance must be replaced, on or before the renewal date of the policy, with insurance that meets the requirements above. The Contractor shall provide proof of compliance with the requirements set forth in this section Section for Contract renewal and upon request. The Contractor shall deliver to OGS evidence of the insurance required by this Contract in a form satisfactory to OGS. Policies must be written in accordance with the requirements of the paragraphs below, as applicable. While acceptance of insurance documentation shall not be unreasonably withheld, conditioned or delayed, acceptance and/or approval by OGS does not, and shall not be construed to, relieve the Contractor of any obligations, responsibilities or liabilities under this Contract. The Contractor shall not take any action, or omit to take any action that would suspend or invalidate any of the required coverages during the term of the Contract.

Appears in 21 contracts

Samples: Piggyback Contract, Piggyback Contract, Piggyback Contract

CONTRACTOR’S INSURANCE REQUIREMENTS. During the term of this Contract, the ‌ The Contractor shall maintain in force, procure at its sole cost and expense, prior to this Contract taking effect, and shall maintain in force at all times during the term of this Contract, policies of insurance as required by this section. All insurance required by this section shall be herein below set forth, written by companies that have an A.M. Best Company rating of “A-,” Class “VII” or better. In addition, companies writing insurance intended to comply with the requirements of this section should be licensed or authorized by the New York State Department of Financial Services to issue insurance in the State of New YorkYork with an A.M. Best Company rating of “A-” Class “VII” or better. OGS may, in its sole discretion, accept policies of insurance written by a non- authorized carrier or carriers when certificates and/or other policy documents are accompanied by a completed Excess Lines Association of New York (ELANY) affidavit or other documents demonstrating the company’s strong financial rating. If, If during the term of a the policy, the a carrier’s A.M. Best rating falls below “A-,” Class “VII”, ,” the insurance must be replaced, on or before replaced no later than the renewal date of the policy, policy with an insurer licensed or authorized by the New York State Department of Financial Services to issue insurance that meets in the requirements above. The Contractor shall provide proof State of compliance with New York and rated at least “A-” Class “VII” in the requirements set forth in this section for Contract renewal and upon requestmost recently published Best’s Insurance Report. The Contractor shall deliver to OGS evidence of the coverage required by this Section in a form that is acceptable to OGS (i.e., a certificate of insurance that is promulgated by the insurer issuing the policy referenced in the certificate of insurance or a standard certificate of insurance form issued by an industry standard-setting organization and approved for use by the Superintendent of the New York State Department of Financial Services or any other form approved for use by the Superintendent of the New York State Department of Financial Services or, in the case of the Telecommunications, Media & Technology Errors and Omissions and Data Breach and Privacy/Cyber Liability insurance required by this Contract in Section, a form satisfactory to OGSSchedule of Forms and Endorsements and all Forms and Endorsements). Policies These policies must be written in accordance with the requirements of the paragraphs below, as applicable. While acceptance of insurance documentation shall not be unreasonably withheld, conditioned or delayed, acceptance Acceptance and/or approval by OGS does not, not and shall not be construed to, to relieve the Contractor of any obligations, responsibilities or liabilities under this Contract. The Contractor shall not take any action, or omit to take any action that would suspend or invalidate any of the required coverages during the term of the Contract.

Appears in 3 contracts

Samples: Contract, Contract Pn20500, Contract

CONTRACTOR’S INSURANCE REQUIREMENTS. During the term of this Contract, the Contractor shall maintain in force, at its sole cost and expense, expense policies of insurance as required by this section. All insurance required by this section shall be written by companies that have an A.M. Best Company rating of “A-,” Class “VII” or better. In addition, companies writing insurance intended to comply with the requirements of this section should be licensed or authorized by the New York State Department of Financial Services to issue insurance in the State of New York. OGS may, in its sole discretion, accept policies of insurance written by a non- authorized carrier or carriers when certificates and/or other policy documents are accompanied by a completed Excess Lines Association of New York (ELANY) affidavit or other documents demonstrating the company’s strong financial rating. If, during the term of a policy, the carrier’s A.M. Best rating falls below “A-,” Class “VII”, ,” the insurance must be replaced, on or before the renewal date of the policy, with insurance that meets the requirements above. The Contractor shall provide proof of compliance with the requirements set forth in this section Section for Contract renewal and upon request. The Contractor shall deliver to OGS evidence of the insurance required by this Contract in a form satisfactory to OGS. Policies must be written in accordance with the requirements of the paragraphs below, as applicable. While acceptance of insurance documentation shall not be unreasonably withheld, conditioned or delayed, acceptance and/or approval by OGS does not, and shall not be construed to, relieve the Contractor of any obligations, responsibilities or liabilities under this Contract. The Contractor shall not take any action, or omit to take any action that would suspend or invalidate any of the required coverages during the term of the Contract.

Appears in 3 contracts

Samples: Piggyback Contract for Commodities, Piggyback Contract for Commodities, Piggyback Contract for Commodities

CONTRACTOR’S INSURANCE REQUIREMENTS. The Contractor shall be required to procure, at its sole cost and expense, and provide proof of compliance of all insurance required by this Section. During the term of this Contract, the Contractor shall maintain in force, at its sole cost and expense, policies of insurance as required by this section. All insurance required by this section shall be written by companies that have an A.M. Best Company rating of “A-,” Class “VII” or better. In addition, companies writing insurance intended to comply with the requirements of this section should be licensed or authorized by the New York State Department of Financial Services to issue insurance in the State of New York. OGS may, in its sole discretion, accept policies of insurance written by a non- authorized carrier or carriers when certificates and/or other policy documents are accompanied by a completed Excess Lines Association of New York (ELANY) affidavit or other documents demonstrating the company’s strong financial rating. If, during the term of a policy, the carrier’s A.M. Best rating falls below “A-,” Class “VII”, ,” the insurance must be replaced, on or before the renewal date of the policy, with insurance that meets the requirements above. The Contractor shall provide proof of compliance with the requirements set forth in this section Section prior to Contract execution, for Contract renewal and upon request. The Contractor shall deliver to OGS evidence of the insurance required by this Contract in a form satisfactory to OGS. Policies must be written in accordance with the requirements of the paragraphs below, as applicable. While acceptance of insurance documentation shall not be unreasonably withheld, conditioned or delayed, acceptance and/or approval by OGS does not, and shall not be construed to, relieve the Contractor of any obligations, responsibilities or liabilities under this Contract. The Contractor shall not take any action, or omit to take any action that would suspend or invalidate any of the required coverages during the term of the Contract.

Appears in 3 contracts

Samples: Contract, Contract, Contract

CONTRACTOR’S INSURANCE REQUIREMENTS. During the term of this Contract, the The Contractor shall maintain in force, procure at its sole cost and expense, prior to this Piggyback Contract taking effect, and shall maintain in force at all times during the term of this Piggyback Contract, self-insurance or policies of insurance as required by this sectionherein below. All insurance required by this section shall be written by companies that have an A.M. Best Company rating of “A-,” Class “VII” or better. In addition, companies writing insurance intended to comply with the requirements of this section Attachment should be licensed or authorized by the New York State Department of Financial Services to issue insurance in the State of New York. OGS may, in its sole discretion, accept policies of insurance written by a non- non-authorized carrier or carriers when certificates and/or other policy documents are accompanied by a completed Excess Lines Association of New York (ELANY) affidavit or other documents demonstrating the company’s strong financial rating. If, If during the term of a the policy, the a carrier’s A.M. Best rating falls below “A-,” Class “VII”, the insurance must be replaced, on or before the renewal date of the policy, with insurance that meets the requirements above. The Contractor shall provide proof of compliance with the requirements set forth in this section for Contract renewal and upon request. The Contractor shall deliver to OGS evidence of the insurance required by this Contract section in a form satisfactory acceptable to OGS. Policies must be written in accordance with the requirements of the paragraphs below, as applicable. While acceptance of insurance documentation shall not be unreasonably withheld, conditioned or delayed, acceptance and/or approval by OGS does not, and shall not be construed to, to relieve the Contractor of any obligations, responsibilities or liabilities under this Contract. The Contractor shall not take any action, or omit to take any action that would suspend or invalidate any of the required coverages during the term of the Piggyback Contract.

Appears in 2 contracts

Samples: Piggyback Contract, Piggyback Contract

CONTRACTOR’S INSURANCE REQUIREMENTS. During the term of this Contract, the Contractor The Bidder shall maintain in forcebe required to procure, at its sole cost and expense, all insurance required by this Attachment. The Bidder shall be required to provide proof of compliance with the requirements of this Attachment, as follows: • Proof of Workers’ Compensation and Disability Benefits Insurance shall be provided at the time of Bid submission; • Proof of all other insurance shall be provided in accordance with Section B below; • After award, the Contractor shall be required to provide proof of all insurance after renewal or upon request according to the timelines set forth in Section A.13 below. Contractors shall be required to procure, at their sole cost and expense, and shall maintain in force at all times during the term of any Contract resulting from this Solicitation, policies of insurance as required by this sectionAttachment. All insurance required by this section Attachment shall be written by companies that have an A.M. Best Company rating of “A-,” Class “VII” or better. In addition, companies writing insurance intended to comply with the requirements of this section Attachment should be licensed or authorized by the New York State Department of Financial Services to issue insurance in the State of New York. OGS may, in its sole discretion, accept policies of insurance written by a non- non-authorized carrier or carriers when certificates and/or other policy documents are accompanied by a completed Excess Lines Association of New York (ELANY) affidavit or other documents demonstrating the company’s strong financial rating. If, during the term of a policy, the carrier’s A.M. Best rating falls below “A-,” Class “VII”, ,” the insurance must be replaced, on or before the renewal date of the policy, with insurance that meets the requirements above. The Contractor shall provide proof of compliance with the requirements set forth in this section for Contract renewal Bidders and upon request. The Contractor Contractors shall deliver to OGS evidence of the insurance required by this Solicitation and any Contract resulting from this Solicitation in a form satisfactory to OGS. Policies must be written in accordance with the requirements of the paragraphs below, as applicable. While acceptance of insurance documentation shall not be unreasonably withheld, conditioned or delayed, acceptance and/or approval by OGS does not, and shall not be construed to, relieve the Contractor Bidders or Contractors of any obligations, responsibilities or liabilities under this ContractSolicitation or any Contract resulting from this Solicitation. The Contractor shall not take any action, or omit to take any action that would suspend or invalidate any of the required coverages during the term of the Contract.

Appears in 2 contracts

Samples: Liquefied Petroleum Gas (Lpg) Agreement, Liquefied Petroleum Gas (Lpg) Agreement

CONTRACTOR’S INSURANCE REQUIREMENTS. During the term of this Contract, the ‌ The Contractor shall maintain in force, procure at its sole cost and expense, prior to this Contract taking effect, and shall maintain in force at all times during the term of this Contract, policies of insurance as required by this sectionherein below set forth herein. All insurance required by this section Contract shall be written by companies that have an A.M. Best Company rating of “A-,” Class “VII” or better. In addition, companies writing insurance intended to comply with the requirements of this section Contract should be licensed or authorized by the New York State Department of Financial Services to issue insurance in the State of New York. OGS may, in its sole discretion, accept policies of insurance written by a non- non-authorized carrier or carriers when certificates and/or other policy documents are accompanied by a completed Excess Lines Association of New York (ELANY) affidavit or other documents demonstrating the company’s strong financial rating. If, during the term of a policy, the carrier’s A.M. Best rating falls below “A-,” Class “VII”, ,” the insurance must be replaced, on or before the renewal date of the policy, with insurance that meets the requirements above. The Contractor shall provide proof of compliance with the requirements set forth in this section for Contract renewal and upon request. The Contractor shall deliver to OGS evidence of the insurance required by this Contract in a form satisfactory to OGS. Policies must be written in accordance with the requirements of the paragraphs below, as applicable. While acceptance of insurance documentation shall not be unreasonably withheld, conditioned or delayed, acceptance and/or approval by OGS does not, and shall not be construed to, relieve the Contractor of any obligations, responsibilities or liabilities under this Contract. The Contractor shall not take any action, or omit to take any action that would suspend or invalidate any of the required coverages during the term of the Contract.

Appears in 2 contracts

Samples: Equipment Maintenance Agreement, Contract

CONTRACTOR’S INSURANCE REQUIREMENTS. During the term of this Contract, the The Offerer/Contractor shall maintain in forcebe required to procure, at its sole cost and expense, all insurance required by this document. The Offerer/Contractor shall be required to provide proof of compliance with the requirements of this document, as follows: • Proof of Workers’ Compensation and Disability Benefits Insurance shall be provided before this Piggyback Contract can be executed by the Commissioner; • Proof of all other insurance shall be provided in accordance with Section B below; • After award of this Piggyback Contract, the Contractor shall be required to provide proof of all insurance after renewal or upon request according to the timelines set forth in Section A.13 below. Contractors shall be required to procure, at their sole cost and expense, and shall maintain in force at all times during the term of any Piggyback Contract policies of insurance as required by this section. All insurance required by this section shall be herein below set forth, written by companies that have an A.M. Best Company rating of “A-,” Class “VII” or better. In addition, companies writing insurance intended to comply with the requirements of this section Section should be licensed or authorized by the New York State Department of Financial Services to issue insurance in the State of New York. OGS may, in its sole discretion, accept policies of insurance written by a non- authorized carrier or carriers when certificates and/or other policy documents are accompanied by a completed Excess Lines Association of New York (ELANY) affidavit or other documents demonstrating the company’s strong financial rating. If, during the term of a policy, the carrier’s A.M. Best rating falls below “A-,” Class “VII”, ,” the insurance must be replaced, on or before the renewal date of the policy, with insurance that meets the requirements above. The Contractor shall provide proof of compliance with the requirements set forth in this section for Contract renewal and upon request. The Contractor Contractors shall deliver to OGS evidence of the insurance required by this Contract such policies in a form satisfactory to OGS. Policies must be written in accordance with the requirements of the paragraphs below, as applicable. While acceptance of insurance documentation shall not be unreasonably withheld, conditioned or delayed, acceptance and/or approval by OGS does not, and shall not be construed to, relieve the Contractor Contractors of any obligations, responsibilities or liabilities under this any Piggyback Contract. The Contractor shall not take any action, action or omit to take any action that would suspend or invalidate any of the required coverages during the term of the this Piggyback Contract.

Appears in 2 contracts

Samples: Piggyback Contract for Services, Piggyback Contract for Services

CONTRACTOR’S INSURANCE REQUIREMENTS. During the term of this Contract, the The Contractor shall maintain in forceprocure and maintain, at its sole cost and expense, all insurance required herein. The Contractor shall be required to provide proof of compliance with the requirements of this section as follows: • Proof of Workers’ Compensation and Disability Benefits; • Proof of all other insurance shall be provided in accordance with Sub-Section B below; • The Contractor shall be required to provide proof of all insurance after renewal or upon request according to the timelines set forth in Sub-Section A.13 below. Contractor shall be required to procure, at their sole cost and expense, and shall maintain in force at all times during the term of this Piggyback Contract, policies of insurance as required by this section. All insurance required by this section shall be written by companies that have an A.M. Best Company rating of “A-,” Class “VII” or better. In addition, companies writing insurance intended to comply with the requirements of this section Attachment should be licensed or authorized by the New York State Department of Financial Services to issue insurance in the State of New York. OGS may, in its sole discretion, accept policies of insurance written by a non- non-authorized carrier or carriers when certificates and/or other policy documents are accompanied by a completed Excess Lines Association of New York (ELANY) affidavit or other documents demonstrating the company’s strong financial rating. If, during the term of a policy, the carrier’s A.M. Best rating falls below “A-,” Class “VII”, ,” the insurance must be replaced, on or before the renewal date of the policy, with insurance that meets the requirements above. The Contractor shall provide proof of compliance with the requirements set forth in this section for Contract renewal and upon request. The Contractor shall deliver to OGS evidence of the insurance required by this Piggyback Contract resulting in a form satisfactory to OGS. Policies must be written in accordance with the requirements of the paragraphs below, as applicable. While acceptance of insurance documentation shall not be unreasonably withheld, conditioned or delayed, acceptance and/or approval by OGS does not, and shall not be construed to, relieve the Contractor of any obligations, responsibilities or liabilities under this Piggyback Contract. The Contractor shall not take any action, or omit to take any action that would suspend or invalidate any of the required coverages during the term of the this Piggyback Contract.

Appears in 1 contract

Samples: Piggyback Contract for Commodities

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CONTRACTOR’S INSURANCE REQUIREMENTS. During the term of this Contract, the Contractor shall maintain in force, at its sole cost and expense, expense policies of insurance as required by this section. All insurance required by this section shall be written by companies that have an A.M. Best Company rating of “A-,” Class “VII” or better. In addition, companies writing insurance intended to comply with the requirements of this section should be licensed or authorized by the New York State Department of Financial Services to issue insurance in the State of New York. OGS may, in its sole discretion, accept policies of insurance written by a non- authorized carrier or carriers when certificates and/or other policy documents are accompanied by a completed Excess Lines Association of New York (ELANY) affidavit or other documents demonstrating the company’s strong financial rating. If, during the term of a policy, the carrier’s A.M. Best rating falls below “A-,” Class “VII”, ,” the insurance must be replaced, on or before the renewal date of the policy, with insurance that meets the requirements above. The Contractor shall provide proof of compliance with the requirements set forth in this section Section for Contract renewal and upon request. The Contractor shall deliver to OGS evidence of the insurance required by this Contract section in a form satisfactory to OGS. Policies must be written in accordance with the requirements of the paragraphs below, as applicable. While acceptance of insurance documentation shall not be unreasonably withheld, conditioned or delayed, acceptance and/or approval by OGS does not, and shall not be construed to, relieve the Contractor of any obligations, responsibilities or liabilities under this Contract. The Contractor shall not take any action, or omit to take any action that would suspend or invalidate any of the required coverages during the term of the Contract.

Appears in 1 contract

Samples: Piggyback Contract

CONTRACTOR’S INSURANCE REQUIREMENTS. During the term of this Contract, the The Contractor shall maintain in force, procure at its sole cost and expense, prior to this Contract taking effect, and shall maintain in force at all times during the term of this Contract, policies of insurance as required by this section. All insurance required by this section shall be herein below set forth, written by companies that have an A.M. Best Company rating of “A-,” Class “VII” or better. In addition, companies writing insurance intended to comply with the requirements of this section should be licensed or authorized by the New York State Department of Financial Services to issue insurance in the State of New YorkYork with an A.M. Best Company rating of “A-” Class “VII” or better. OGS may, in its sole discretion, accept policies of insurance written by a non- authorized carrier or carriers when certificates and/or other policy documents are accompanied by a completed Excess Lines Association of New York (ELANY) affidavit or other documents demonstrating the company’s strong financial rating. If, If during the term of a the policy, the a carrier’s A.M. Best rating falls below “A-,” Class “VII”, ,” the insurance must be replaced, on or before replaced no later than the renewal date of the policy, policy with an insurer licensed or authorized by the New York State Department of Financial Services to issue insurance that meets in the requirements above. The Contractor shall provide proof State of compliance with New York and rated at least “A-” Class “VII” in the requirements set forth in this section for Contract renewal and upon requestmost recently published Best’s Insurance Report. The Contractor shall deliver to OGS evidence of the coverage required by this Section in a form that is acceptable to OGS (i.e., a certificate of insurance that is promulgated by the insurer issuing the policy referenced in the certificate of insurance or a standard certificate of insurance form issued by an industry standard-setting organization and approved for use by the Superintendent of the New York State Department of Financial Services or any other form approved for use by the Superintendent of the New York State Department of Financial Services or, in the case of the Telecommunications, Media & Technology Errors and Omissions and Data Breach and Privacy/Cyber Liability insurance required by this Contract in Section, a form satisfactory to OGSSchedule of Forms and Endorsements and all Forms and Endorsements). Policies These policies must be written in accordance with the requirements of the paragraphs below, as applicable. While acceptance of insurance documentation shall not be unreasonably withheld, conditioned or delayed, acceptance Acceptance and/or approval by OGS does not, not and shall not be construed to, to relieve the Contractor of any obligations, responsibilities or liabilities under this Contract. The Contractor shall not take any action, or omit to take any action that would suspend or invalidate any of the required coverages during the term of the Contract.

Appears in 1 contract

Samples: Centralized Contract

CONTRACTOR’S INSURANCE REQUIREMENTS. During the term of this Contract, the Contractor shall maintain in force, at its sole cost and expense, policies of insurance as required by this section. All insurance required by this section shall be written by companies that have an A.M. Best Company rating of “A-,” Class “VII” or better. In addition, companies writing insurance intended to comply with the requirements of this section should be licensed or authorized by the New York State Department of Financial Services to issue insurance in the State of New York. OGS may, in its sole discretion, accept policies of insurance written by a non- authorized carrier or carriers when certificates and/or other policy documents are accompanied by a completed Excess Lines Association of New York (ELANY) affidavit or other documents demonstrating the company’s strong financial rating. If, during the term of a policy, the carrier’s A.M. Best rating falls below “A-,” Class “VII”, ,” the insurance must be replaced, on or before the renewal date of the policy, with insurance that meets the requirements above. The Contractor shall provide proof of compliance with the requirements set forth in this section Section for Contract renewal and upon request. The Contractor shall deliver to OGS evidence of the insurance required by this Contract in a form satisfactory to OGS. Policies must be written in accordance with the requirements of the paragraphs below, as applicable. While acceptance of insurance documentation shall not be unreasonably withheld, conditioned or delayed, acceptance and/or approval by OGS does not, and shall not be construed to, relieve the Contractor of any obligations, responsibilities or liabilities under this Contract. The Contractor shall not take any action, action or omit to take any action that would suspend or invalidate any of the required coverages during the term of the Contract.

Appears in 1 contract

Samples: Piggyback Contract for Commodities

CONTRACTOR’S INSURANCE REQUIREMENTS. During the term of this Contract, the Contractor The Bidder shall maintain in forcebe required to procure, at its sole cost and expense, all insurance required by this Section. The Bidder shall be required to provide proof of compliance with the requirements of this Section, as follows: • Proof of Workers’ Compensation and Disability Benefits Insurance shall be provided at the time of Bid submission; • Proof of all other insurance shall be provided in accordance with Section B below; • After award, the Contractor shall be required to provide proof of all insurance after renewal or upon request according to the timelines set forth in Section A.13 below. Contractors shall be required to procure, at their sole cost and expense, and shall maintain in force at all times during the term of this Piggyback Contract, policies of insurance as required by this sectionSection. All insurance required by this section Section shall be written by companies that have an A.M. Best Company rating of “A-,” Class “VII” or better. In addition, companies writing insurance intended to comply with the requirements of this section Section should be licensed or authorized by the New York State Department of Financial Services to issue insurance in the State of New York. OGS may, in its sole discretion, accept policies of insurance written by a non- non-authorized carrier or carriers when certificates and/or other policy documents are accompanied by a completed Excess Lines Association of New York (ELANY) affidavit or other documents demonstrating the company’s strong financial rating. If, during the term of a policy, the carrier’s A.M. Best rating falls below “A-,” Class “VII”, ,” the insurance must be replaced, on or before the renewal date of the policy, with insurance that meets the requirements above. The Contractor shall provide proof of compliance with the requirements set forth in this section for Contract renewal Bidders and upon request. The Contractor Contractors shall deliver to OGS evidence of the insurance required by this Piggyback Contract in a form satisfactory to OGS. Policies must be written in accordance with the requirements of the paragraphs below, as applicable. While acceptance of insurance documentation shall not be unreasonably withheld, conditioned or delayed, acceptance and/or approval by OGS does not, and shall not be construed to, relieve the Contractor Bidders or Contractors of any obligations, responsibilities or liabilities under this Piggyback Contract. The Contractor shall not take any action, or omit to take any action that would suspend or invalidate any of the required coverages during the term of the this Piggyback Contract.

Appears in 1 contract

Samples: Piggyback Contract

CONTRACTOR’S INSURANCE REQUIREMENTS. During the term of this Contract, the The Contractor shall maintain in forceprocure and maintain, at its sole cost and expense, all insurance required herein. The Contractor shall provide proof of compliance with the requirements herein after renewal or upon request according to the timelines set forth in Section A.13 below. The Contractor shall maintain in force at all times during the term of this Piggyback Contract, policies of insurance as required by this sectionherein. All insurance required by this section herein shall be written by companies that have an A.M. Best Company rating of “A-,” Class “VII” or better. In addition, companies writing insurance intended to comply with the requirements of this section herein should be licensed or authorized by the New York State Department of Financial Services to issue insurance in the State of New York. OGS may, in its sole discretion, accept policies of insurance written by a non- non-authorized carrier or carriers when certificates and/or other policy documents are accompanied by a completed Excess Lines Association of New York (ELANY) affidavit or other documents demonstrating the company’s strong financial rating. If, during the term of a policy, the carrier’s A.M. Best rating falls below “A-,” Class “VII”, ,” the insurance must be replaced, on or before the renewal date of the policy, with insurance that meets the requirements above. The Contractor shall provide proof of compliance with the requirements set forth in this section for Contract renewal and upon request. The Contractor shall deliver to OGS evidence of the insurance required by this Contract herein in a form satisfactory to OGS. Policies must be written in accordance with the requirements of the paragraphs below, as applicable. While acceptance of insurance documentation shall not be unreasonably withheld, conditioned or delayed, acceptance and/or approval by OGS does not, and shall not be construed to, relieve the Contractor of any obligations, responsibilities or liabilities under this Piggyback Contract. The Contractor shall not take any action, or omit to take any action that would suspend or invalidate any of the required coverages during the term of the Piggyback Contract.

Appears in 1 contract

Samples: Piggyback Contract for Commodities

CONTRACTOR’S INSURANCE REQUIREMENTS. During the term of this Contract, the The Contractor shall maintain in forcebe required to procure, at its sole cost and expense, all insurance required by this Attachment. The Contractor shall be required to provide proof of compliance with the requirements of this Attachment, as follows: • Proof of Workers’ Compensation and Disability Benefits Insurance shall be provided at the time of Bid submission; • Proof of all other insurance shall be provided in accordance with Section B below; • After award, the Contractor shall be required to provide proof of all insurance after renewal or upon request according to the timelines set forth in Section A.13 below. Contractors shall be required to procure, at their sole cost and expense, and shall maintain in force at all times during the term of any Contract resulting from this Solicitation, policies of insurance as required by this sectionAttachment. All insurance required by this section Attachment shall be written by companies that have an A.M. Best Company rating of “A-,” Class “VII” or better. In addition, companies writing insurance intended to comply with the requirements of this section Attachment should be licensed or authorized by the New York State Department of Financial Services to issue insurance in the State of New York. OGS may, in its sole discretion, accept policies of insurance written by a non- non-authorized carrier or carriers when certificates and/or other policy documents are accompanied by a completed Excess Lines Association of New York (ELANY) affidavit or other documents demonstrating the company’s strong financial rating. If, during the term of a policy, the carrier’s A.M. Best rating falls below “A-,” Class “VII”, ,” the insurance must be replaced, on or before the renewal date of the policy, with insurance that meets the requirements above. The Contractor shall provide proof of compliance with the requirements set forth in this section for Contract renewal Bidders and upon request. The Contractor Contractors shall deliver to OGS evidence of the insurance required by this Solicitation and any Contract resulting from this Solicitation in a form satisfactory to OGS. Policies must be written in accordance with the requirements of the paragraphs below, as applicable. While acceptance of insurance documentation shall not be unreasonably withheld, conditioned or delayed, acceptance and/or approval by OGS does not, and shall not be construed to, relieve the Contractor Bidders or Contractors of any obligations, responsibilities or liabilities under this ContractSolicitation or any Contract resulting from this Solicitation. Bidders and Contractors shall deliver to OGS evidence of the insurance required by this Solicitation and any Contract resulting from this Solicitation in a form satisfactory to OGS. Policies must be written in accordance with the requirements of the paragraphs below, as applicable. While acceptance of insurance documentation shall not be unreasonably withheld, conditioned or delayed, acceptance and/or approval by OGS does not, and shall not be construed to, relieve Bidders or Contractors of any obligations, responsibilities or liabilities under this Solicitation or any Contract resulting from this Solicitation. The Contractor shall not take any action, or omit to take any action that would suspend or invalidate any of the required coverages during the term of the Contract.

Appears in 1 contract

Samples: Fuel Supply Agreement

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