Common use of Insurance Policy Requirements Clause in Contracts

Insurance Policy Requirements. The company that issues the policy of insurance that the Agreement requires Contractor to carry and maintain, as well as, the form of the insurance, shall at all times be subject to SEPTA’s approval. The insurance company must be licensed to do business in the Commonwealth, have a financial rating of at least A- as rated in the most recent edition of Best Insurance Reports and be in business for at least the past five years. The Commercial General Liability (CGL) and Automobile Liability policies shall name SEPTA and its designees (if any) as additional insured(s) on a primary and noncontributory basis, including for completed operations. All policies shall contain a provision or endorsement by which the insurer agrees that such policy shall not be canceled or not renewed without at least 30 days’ advance notice to SEPTA. A waiver of subrogation shall be provided in favor of SEPTA and its designees (if any) on all policies. Contractor shall give to SEPTA’s Contract Administrator a copy of each such policy, including the declaration page, and a certificate thereof at least 15 days before Contractor commences performance under the Agreement. An Event of Default occurs if Contractor fails to carry and maintain the insurance that the Agreement requires. SEPTA must be the certificate holder on all applicable liability coverage excluding workers’ compensation with respect to this project and it should be noted on the insurance certificate and policies. RFP # 19-00219-ARLW must appear on each certificate.

Insurance Policy Requirements. The company that issues the policy of insurance that the Agreement requires Contractor to carry and maintain, as well as, the form of the insurance, shall at all times be subject to SEPTA’s approval. The insurance company must be licensed to do business in the Commonwealth, have a financial rating of at least A- as rated in the most recent edition of Best Insurance Reports and be in business for at least the past five years. The Commercial General Liability (CGL) and Automobile Liability policies shall name SEPTA and its designees (if any) as additional insured(s) on a primary and noncontributory basis, including for completed operations. All policies shall contain a provision or endorsement by which the insurer agrees that such policy shall not be canceled or not renewed without at least 30 days’ advance notice to SEPTA. A waiver of subrogation shall be provided in favor of SEPTA and its designees (if any) on all policies. Contractor shall give to SEPTA’s Contract Administrator a copy of each such policy, including the declaration page, and a certificate thereof at least 15 days before Contractor commences performance under the Agreement. An Event of Default occurs if Contractor fails to carry and maintain the insurance that the Agreement requires. SEPTA must be the certificate holder on all applicable liability coverage excluding workers’ compensation with respect to this project and it should be noted on the insurance certificate and policies. RFP # 19-0021900165-ARLW must appear on each certificate.

Insurance Policy Requirements. The company that issues the policy of insurance that the Agreement requires Contractor to carry and maintain, as well as, the form of the insurance, shall at all times be subject to SEPTA’s approval. The insurance company must be licensed to do business in the Commonwealth, have a financial rating of at least A- as rated in the most recent edition of Best Insurance Reports and be in business for at least the past five years. The Commercial General Liability (CGL) and Automobile Liability policies shall name SEPTA and its designees (if any) as additional insured(s) on a primary and noncontributory basis, including for completed operations. All policies shall contain a provision or endorsement by which the insurer agrees that such policy shall not be canceled or not renewed without at least 30 days’ advance notice to SEPTA. A waiver of subrogation shall be provided in favor of SEPTA and its designees (if any) on all policies. Contractor shall give to SEPTA’s Contract Administrator a copy of each such policy, including the declaration page, and a certificate thereof at least 15 days before Contractor commences performance under the Agreement. An Event of Default occurs if Contractor fails to carry and maintain the insurance that the Agreement requires. SEPTA must be the certificate holder on all applicable liability coverage excluding workers’ compensation with respect to this project and it should be noted on the insurance certificate and policies. RFP # 1915-0021900204-ARLW must appear on each certificate.

Insurance Policy Requirements. The company that issues the policy of insurance that the Agreement requires Contractor to carry and maintain, as well as, the form of the insurance, shall at all times be subject to SEPTA’s approval. The insurance company must be licensed to do business in the Commonwealth, have a financial rating of at least A- as rated in the most recent edition of Best Insurance Reports and be in business for at least the past five years. The Commercial General Liability (CGL) and Automobile Liability policies shall name SEPTA and its designees (if any) as additional insured(s) on a primary and noncontributory basis, including for completed operations. All policies shall contain a provision or endorsement by which the insurer agrees that such policy shall not be canceled or not renewed without at least 30 days’ advance notice to SEPTA. A waiver of subrogation shall be provided in favor of SEPTA and its designees (if any) on all policies. Contractor shall give to SEPTA’s Contract Administrator a copy of each such policy, including the declaration page, and a certificate thereof at least 15 days before Contractor commences performance under the Agreement. An Event of Default occurs if Contractor fails to carry and maintain the insurance that the Agreement requires. SEPTA must be the certificate holder on all applicable liability coverage excluding workers’ compensation with respect to this project and it should be noted on the insurance certificate and policies. RFP # 1917-0021900139-ARLW must appear on each certificate.

Insurance Policy Requirements. The company that issues the policy of insurance that the Agreement requires Contractor to carry and maintain, as well as, the form of the insurance, shall at all times be subject to SEPTA’s approval. The insurance company must be licensed to do business in the Commonwealth, have a financial rating of at least A- as rated in the most recent edition of Best Insurance Reports and be in business for at least the past five years. The Commercial General Liability (CGL) and Automobile Liability policies shall name SEPTA and its designees (if any) as additional insured(s) on a primary and noncontributory basis, including for completed operations. All policies shall contain a provision or endorsement by which the insurer agrees that such policy shall not be canceled or not renewed without at least 30 days’ advance notice to SEPTA. A waiver of subrogation shall be provided in favor of SEPTA and its designees (if any) on all policies. Contractor shall give to SEPTA’s Contract Administrator a copy of each such policy, including the declaration page, and a certificate thereof at least 15 days before Contractor commences performance under the Agreement. An Event of Default occurs if Contractor fails to carry and maintain the insurance that the Agreement requires. SEPTA must be the certificate holder on all applicable liability coverage excluding excludin g workers’ compensation with respect to this project and it should be noted on the insurance insura nce certificate and policies. RFP # 1920-0021900067-ARLW ARLW- Operation of ADA Paratransit Services in Bucks County must appear on each certificate.