Common use of Insurance – General Requirements Clause in Contracts

Insurance – General Requirements. 9.2.1 General Contractor shall, for the protection and benefit of the Owner, procure, pay for and maintain in full force and effect, at all times during the performance of the Work until final acceptance of the Work, or for such duration as required, policies of insurance set forth in Article 9.3, in form and substance acceptable to Owner. (a) All policies set forth in Article 9.3 shall be issued by a responsible carrier or carriers (i) acceptable to Owner, (ii) licensed to do business in the State of Jurisdiction and (iii) with a rating, according to the most recent edition of Best’s Insurance Guide, of not less than A VII. Unless Owner consents in writing, all insurance procured by General Contractor under or pursuant to this Article shall be written on an occurrence basis. (b) All such policies set forth in Articles 9.3.2, 9.3.3, and 9.3.4 shall include the Owner as an Additional Insured and include waivers of subrogation in favor of such Additional Insured. 9.2.3 If General Contractor desires additional coverages, higher limits of liability or other modifications to insurance coverage set forth in this Article for its own protection, General Contractor shall be responsible for the acquisition and cost of the additional protection. Such additional insurance coverage shall also inure to the benefit of Owner and any other Indemnities. 9.2.4 General Contractor hereby agrees to deliver to Owner, within ten (10) days of the date of the Contract and prior to any equipment or personnel being brought onto the Project site, Certificates of Insurance in form and substance satisfactory to Owner evidencing the required coverages with limits not less than those specified in Article 9.

Appears in 4 contracts

Samples: Engineering, Procurement and Construction Agreement, Engineering, Procurement and Construction Agreement (USA Synthetic Fuel Corp), Engineering, Procurement and Construction Agreement (USA Synthetic Fuel Corp)

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