Common use of INSURANCE AND BOND REQUIREMENTS Clause in Contracts

INSURANCE AND BOND REQUIREMENTS. 11.1 The Construction Manager shall deliver the required bonds and proofs of insurance to the Owner prior to the commencement of any Work, and in no event any later than 7 days after the execution of this Agreement. 11.2 The Construction Manager shall, throughout the performance of its services under this Agreement and throughout the term of this Agreement maintain and provide to the Owner the insurance coverages listed in this Article. The insurance policies shall be issued and underwritten by a licensed insurer, licensed as such in the State of Florida. The Construction Manager shall provide insurance that may not be reduced, terminated, or cancelled unless 30 days prior written notice thereof is furnished to the Owner. Certificates of insurance and copies of all policies (if required by the Owner) shall be furnished to the Owner within 7 days after the execution of this Agreement. In the event of any cancellation or reduction in insurance coverage, the Construction Manager shall obtain substitute coverage, without any lapse of coverage whatsoever. The insurance policies shall name the Owner, the Owner’s representatives, and the officers, directors, agents, employees and assigns of the Owner as additional insureds (except for the professional liability and worker’s compensation insurance). 11.3 The insurance required by in this Article shall include all major divisions of coverage, and shall be on a commercial general basis including premises and operations (including X-C-U), Independent Contractor Hired Products and Completed Operations, and Owned, Nonowned, and Hired Motor Vehicles. Such insurance shall be written for not less than any limits of liability required by law or others set forth in the Contract Documents, whichever is greater. All insurance shall be written on an occurrence basis, unless the Owner approves in writing coverage on a claims-made basis. Coverages, whether written on an occurrence or claims-made basis, shall be maintained without interruption from date of commencement of the work until date of final payment and termination of any coverage required to be maintained after final payment. 11.4 The Construction Manager shall furnish to the Owner copies of any endorsements that are subsequently issued amending limits of coverage. 11.5 Liability insurance shall include all major divisions of coverage and be on a comprehensive basis including: 1. Premises Operation (including X-C-U as applicable) 2. Independent Contractor’s Hired

INSURANCE AND BOND REQUIREMENTS. 11.1 The Construction Manager shall deliver the required bonds and proofs of insurance to the Owner prior to the commencement of any Work, and in no event any later than 7 10 days after the execution of this Agreement. 11.2 The Construction Manager shall, throughout the performance of its services under this Agreement and throughout the term of this Agreement maintain and provide to the Owner the insurance coverages listed in this Article. The insurance policies shall be issued and underwritten by a licensed insurer, licensed as such in the State of Florida. The Construction Manager shall provide insurance that may not be reduced, terminated, or cancelled unless 30 days prior written notice thereof is furnished to the Owner. Certificates of insurance and copies of all policies (if required by the Owner) shall be furnished to the Owner within 7 10 days after the execution of this Agreement. In the event of any cancellation or reduction in insurance coverage, the Construction Manager shall obtain substitute coverage, without any lapse of coverage whatsoever. The insurance policies shall name the Owner, the Owner’s representatives, and the officers, directors, agents, employees and assigns of the Owner as additional insureds (except for the professional liability and worker’s compensation insurance). 11.3 The insurance required by from the Construction Manager in this Article shall include all major divisions of coverage, and shall be on a commercial general basis including premises and operations (including X-C-U), Independent Contractor Hired Products and Completed Operations, and Owned, NonownedNon-owned, and Hired Motor Vehicles. Such insurance shall be written for not less than any limits of liability required by law or others set forth in the Contract Documents, whichever is greater. All insurance shall be written on an occurrence basis, unless the Owner approves in writing coverage on a claims-made basis. Coverages, whether written on an occurrence or claims-claims- made basis, shall be maintained without interruption from date of commencement of the work until date of final payment and termination of any coverage required to be maintained after final payment. 11.4 The Construction Manager shall furnish to the Owner copies of any endorsements that are subsequently issued amending limits of coverage. 11.5 Liability insurance shall include all major divisions of coverage and be on a comprehensive basis including: 1. Premises Operation (including X-C-U as applicable) 2. Independent Contractor’s Hired

INSURANCE AND BOND REQUIREMENTS. 11.1 The Construction Manager shall deliver the required bonds and proofs of insurance to the Owner prior to the commencement of any Work, and in no event any later than 7 days after the execution of this Agreement. 11.2 The Construction Manager shall, throughout the performance of its services under this Agreement and throughout the term of this Agreement maintain and provide to the Owner the insurance coverages listed in this Article. The insurance policies shall be issued and underwritten by a licensed insurer, licensed as such in the State of Florida. The Construction Manager shall provide insurance that may not be reduced, terminated, or cancelled unless 30 days prior written notice thereof is furnished to the Owner. Certificates of insurance and copies of all policies (if required by the Owner) shall be furnished to the Owner within 7 days after the execution of this Agreement. In the event of any cancellation or reduction in insurance coverage, the Construction Manager shall obtain substitute coverage, without any lapse of coverage whatsoever. The insurance policies shall name the Owner, the Owner’s representatives, and the officers, directors, agents, employees and assigns of the Owner as additional insureds (except for the professional liability and worker’s compensation insurance). 11.3 The insurance required by in this Article shall include all major divisions of coverage, and shall be on a commercial general basis including premises and operations (including X-C-X­C­ U), Independent Contractor Hired Products and Completed Operations, and Owned, Nonowned, and Hired Motor Vehicles. Such insurance shall be written for not less than any limits of liability required by law or others set forth in the Contract Documents, whichever is greater. All insurance shall be written on an occurrence basis, unless the Owner approves in writing coverage on a claims-made claims­made basis. Coverages, whether written on an occurrence or claims-made claims­made basis, shall be maintained without interruption from date of commencement of the work until date of final payment and termination of any coverage required to be maintained after final payment. 11.4 The Construction Manager shall furnish to the Owner copies of any endorsements that are subsequently issued amending limits of coverage. 11.5 Liability insurance shall include all major divisions of coverage and be on a comprehensive basis including: 1. Premises Operation (including X-C-U X­C­U as applicable) 2. Independent Contractor’s Hired

INSURANCE AND BOND REQUIREMENTS. 11.1 The Construction Manager Design-Build Firm shall deliver the required bonds and proofs of insurance to the Owner prior to the commencement of any Work, and in no event any later than 7 5 business days after the execution of this Agreement. 11.2 The Construction Manager Design-Build Firm shall, throughout the performance of its services under this Agreement and throughout the term of this Agreement maintain and provide to the Owner the insurance coverages listed in this ArticleArticle 11. The insurance policies shall be issued and underwritten by a licensed insurer, licensed as such in the State of Florida. The Construction Manager Design-Build Firm shall provide insurance that may not be reduced, terminated, or cancelled unless 30 calendar days prior written notice thereof is furnished to the Owner. Certificates of insurance and copies of all policies (if required by the Owner) shall be furnished to the Owner within 7 five (5) business days after the execution of this Agreement. In the event of any cancellation or reduction in insurance coverage, the Construction Manager Design-Build Firm shall obtain substitute coverage, without any lapse of coverage whatsoever. The insurance policies shall name the Owner, the Owner’s representatives, and the officers, directors, agents, employees and assigns of the Owner as additional insureds (except for the professional liability and worker’s compensation insurance). 11.3 The insurance required by in this Article shall include all major divisions of coverage, and shall be on a commercial general basis including premises and operations (including X-C-U), Independent Contractor Hired Products and Completed Operations, and Owned, Nonowned, and Hired Motor Vehicles. Such insurance shall be written for not less than any limits of liability required by law or others set forth in the Contract Documents, whichever is greater. All insurance shall be written on an occurrence basis, unless the Owner approves in writing coverage on a claims-made basis. Coverages, whether written on an occurrence or claims-made basis, shall be maintained without interruption from date of commencement of the work until date of final payment and termination of any coverage required to be maintained after final payment. 11.4 The Construction Manager Design-Build Firm shall furnish to the Owner copies of any endorsements that are subsequently issued amending limits of coverage. 11.5 Liability insurance shall include all major divisions of coverage and be on a comprehensive basis including: 1. Premises Operation (including X-C-U as applicable) 2. Independent Contractor’s Hired

INSURANCE AND BOND REQUIREMENTS. 11.1 The Construction Manager shall deliver the required bonds and proofs of insurance to the Owner prior to the commencement of any Work, and in no event any later than 7 10 days after the execution of this Agreement. 11.2 The Construction Manager shall, throughout the performance of its services under this Agreement and throughout the term of this Agreement maintain and provide to the Owner the insurance coverages listed in this Article. The insurance policies shall be issued and underwritten by a licensed insurer, licensed as such in the State of Florida. The Construction Manager shall provide insurance that may not be reduced, terminated, or cancelled unless 30 days prior written notice thereof is furnished to the Owner. Certificates of insurance and copies of all policies (if required by the Owner) shall be furnished to the Owner within 7 10 days after the execution of this Agreement. In the event of any cancellation or reduction in insurance coverage, the Construction Manager shall obtain substitute coverage, without any lapse of coverage whatsoever. The insurance policies shall name the Owner, the Owner’s representatives, and the officers, directors, agents, employees and assigns of the Owner as additional insureds (except for the professional liability and worker’s compensation insurance). 11.3 The insurance required by from the Construction Manager in this Article shall include all major divisions of coverage, and shall be on a commercial general basis including premises and operations (including X-C-U), Independent Contractor Hired Products and Completed Operations, and Owned, NonownedNon-owned, and Hired Motor Vehicles. Such insurance shall be written for not less than any limits of liability required by law or others set forth in the Contract Documents, whichever is greater. All insurance shall be written on an occurrence basis, unless the Owner approves in writing coverage on a claims-made basis. Coverages, whether written on an occurrence or claims-claims- made basis, shall be maintained without interruption from date of commencement of the work until date of final payment and termination of any coverage required to be maintained after final payment. 11.4 The Construction Manager shall furnish to the Owner copies of any endorsements that are subsequently issued amending limits of coverage. 11.5 Liability insurance shall include all major divisions of coverage and be on a comprehensive basis including: 1. Premises Operation (including X-C-U as applicable) 2. Independent Contractor’s Hired

INSURANCE AND BOND REQUIREMENTS. 11.1 The Construction Manager shall deliver the required bonds and proofs of insurance to the Owner prior to the commencement of any Work, and in no event any later than 7 days after the execution of this Agreement. 11.2 The Construction Manager shall, throughout the performance of its services under this Agreement and throughout the term of this Agreement maintain and provide to the Owner the insurance coverages listed in this Article. The insurance policies shall be issued and underwritten by a licensed insurer, licensed as such in the State of Florida. The Construction Manager shall provide insurance that may not be reduced, terminated, or cancelled unless 30 days prior written notice thereof is furnished to the Owner. Certificates of insurance and copies of all policies (if required by the Owner) shall be furnished to the Owner within 7 days after the execution of this Agreement. In the event of any cancellation or reduction in insurance coverage, the Construction Manager shall obtain substitute coverage, without any lapse of coverage whatsoever. The insurance policies shall name the Owner, the Owner’s representatives, and the officers, directors, agents, employees and assigns of the Owner as additional insureds (except for the professional liability and worker’s compensation insurance). 11.3 The insurance required by from the Construction Manager in this Article shall include all major divisions of coverage, and shall be on a commercial general basis including premises and operations (including X-C-U), Independent Contractor Hired Products and Completed Operations, and Owned, NonownedNon-owned, and Hired Motor Vehicles. Such insurance shall be written for not less than any limits of liability required by law or others set forth in the Contract Documents, whichever is greater. All insurance shall be written on an occurrence basis, unless the Owner approves in writing coverage on a claims-made basis. Coverages, whether written on an occurrence or claims-made basis, shall be maintained without interruption from date of commencement of the work until date of final payment and termination of any coverage required to be maintained after final payment. 11.4 The Construction Manager shall furnish to the Owner copies of any endorsements that are subsequently issued amending limits of coverage. 11.5 Liability insurance shall include all major divisions of coverage and be on a comprehensive basis including: 1. Premises Operation (including X-C-U as applicable) 2. Independent Contractor’s Hired

INSURANCE AND BOND REQUIREMENTS. 11.1 The Construction Manager shall deliver the required bonds and proofs of insurance to the Owner Owner’s Project Representative prior to the commencement of any Work, and in no event any later than 7 10 days after the execution of this Agreement. 11.2 The Construction Manager shall, throughout the performance of its services under this Agreement and throughout the term of this Agreement maintain and provide to the Owner the insurance coverages listed in this Article. The insurance policies shall be issued and underwritten by a licensed insurer, licensed as such in the State of Florida. The Construction Manager shall provide insurance that may not be reduced, terminated, or cancelled unless 30 days prior written notice thereof is furnished to the Owner. Certificates of insurance and copies of all policies (if policies, as required by the Owner) , shall be furnished to the Owner Owner’s Project Representative within 7 10 days after the execution of this Agreement. In the event of any cancellation or reduction in insurance coverage, the Construction Manager shall obtain substitute coverage, without any lapse of coverage whatsoever. The insurance policies shall name the Owner, the Owner’s representatives, and the officers, directors, agents, employees and assigns of the Owner as an additional insureds insured (except for the professional liability and worker’s compensation insurance). 11.3 The insurance required by from the Construction Manager in this Article shall include all major divisions of coverage, and shall be on a commercial general basis including premises and operations including XCU (including X-C-Uexplosion, collapse, and underground hazards), Independent Contractor Hired Products and Completed Operations, and Owned, NonownedNon-owned, and Hired Motor Vehicles. Such insurance shall be written for not less than any limits of liability required by law or others set forth in the Contract Documents, whichever is greater. All insurance shall be written on an occurrence basis, unless the Owner approves in writing coverage on a claims-made basis. Coverages, whether written on an occurrence or claims-made basis, shall be maintained without interruption from date of commencement of the work until date of final payment and termination of any coverage required to be maintained after final payment. 11.4 The Construction Manager shall furnish to the Owner copies of any endorsements that are subsequently issued amending limits of coverage. 11.5 Construction Manager agrees to provide and maintain at all times during the term of this agreement and any renewals, policies of insurance against any and all claims, demands or causes of action whatsoever, for injuries received or damage to property relating to the performance of duties, services, and/or obligations of the Construction Manager under the terms and conditions of this agreement. 11.6 Construction Manager shall take special notice that the Board shall be named as an additional insured under the General Liability policy. The insurance policies shall include all major divisions be issued by companies licensed to do business in the State of Florida and grant The School Board of Osceola County thirty (30) days of advanced written notice of a cancellation, expiration or any material change in the specified coverage. The insurance companies are required to have a minimum rating of A- or better and a financial size category of VI or higher in the "Best Key Rating Guide" published by A.M. Best & Company, Inc. All policies must remain in effect during the performance of the agreement. The minimum requirements for insurance coverage shall be as follows, or greater if required by law. Other coverages submitted by the Construction Manager and not required by the Owner, will not be on a comprehensive basis including: 1. Premises Operation (including X-C-U as applicable) 2. Independent Contractor’s Hiredreimbursed.