Common use of Insurance Requirements Generally Clause in Contracts

Insurance Requirements Generally. All of the foregoing policies of insurance shall be: (a) issued by an insurance carrier approved in advance by Owner, with a rating from A.M. Best Company of not less than A/IX, and licensed to provide such coverage in the State of Florida, and (b) in a form satisfactory to Owner without unacceptable exclusions or exceptions to coverage. All policies and renewals thereof are to be written for not less than one (1) year. All policy numbers must be clearly identified. All liability policies must provide for claims to be made on an occurrence basis. The insurance policies will name, and the certificates and endorsements (no more restrictive than CG 20 10 on the CGL policy) will show, Owner (i.e., The Florida International University Board of Trustees), Florida International University, the State of Florida, The Florida Board of Governors, and their respective trustees, directors, officers, employees and agents (hereinafter referred to as “Indemnitees”) as additional insureds. Owner shall also be named as an additional insured on the liability policy of any off-site storage premises. Additional insured status applies on a primary/non-contributory basis. Waiver of subrogation applies in favor of Owner for commercial general liability, worker’s compensation and builder’s risk policies. All insurance policies required of Contractor shall be primary and non-contributory to any other insurance or indemnity as may be available to any additional insured. It shall be the insurance company’s responsibility to seek reimbursement from the insured. Contractor for itself and on behalf of its insurance carriers, waives and releases any right of recovery or subrogation for any claim, damage, or loss covered or insured by any insurance policy required of Contractor under this Agreement that Contractor or its insurers may have at any time against Indemnitees, and Contractor shall cause its insurance policies to be so endorsed. The required insurance policies shall remain in effect for the benefit of Owner at least through any warranty period covering the Project, but in no case for less than one (1) year after the date of Substantial Completion or such longer period as may be specified elsewhere herein. The insurance policies required of Contractor shall be endorsed to contain a provision requiring a written notice directly from the producer or insurer to Owner at least thirty (30) days prior to any cancellation, non-renewal or material modification of the policies, provided that only ten (10) days’ prior written notice shall be required in the case of cancellation for non-payment of premium.

Appears in 5 contracts

Samples: Agreement, Agreement, Agreement

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Insurance Requirements Generally. All of the foregoing policies of insurance shall be: (a) issued by an insurance carrier approved in advance by Owner, with a rating from A.M. Best Company of not less than A/IXXII, and licensed to provide such coverage in the State of Florida, and (b) in a form satisfactory to Owner without unacceptable exclusions or exceptions to coverage. All policies and renewals thereof are to be written for not less than one (1) year. All policy numbers must be clearly identified. All liability policies must provide for claims to be made on an occurrence basis, except Professional Liability, which shall be written on a claims made basis. The insurance policies will name, and the certificates and endorsements (no more restrictive than CG 20 10 on the CGL policy) will show, Owner (i.e., The Florida International University Board of Trustees), Florida International University, the State of Florida, The Florida Board of Governors, and their respective trustees, directors, officers, employees and agents (hereinafter referred to as “Indemnitees”) Indemnitees as additional insureds. Owner shall also be named as an additional insured insureds on the all liability policy policies (other than the Professional Liability policy) and all certificates of any off-site storage premisesinsurance (except for the Professional Liability policy) shall include the following statement: “Indemnitees are added as additional insureds to the Commercial General Liability and Automobile Liability policies. Additional insured Insured status applies on a primary/non-contributory basis. Commercial General Liability, Automobile Liability, and Worker’s Compensation Waiver of subrogation Subrogation applies in favor of Owner for commercial general liability, worker’s compensation and builder’s risk policies. Indemnitees.” All insurance policies required of Contractor Professional shall be primary and non-contributory to any other insurance or indemnity as may be available to any additional insured. Owner shall be named as “Certificate Holder” on the Certificate of Insurance for the Professional Liability insurance policy. Payment of any deductible or self-insured amounts shall be at Professional’s sole cost and expense. It shall be the insurance company’s responsibility to seek reimbursement from the insured. Contractor Professional for itself and on behalf of its insurance carriers, waives and releases any right of recovery or subrogation for any claim, damage, or loss covered or insured by any insurance policy required of Contractor Professional under this Agreement that Contractor Professional or its insurers may have at any time against Indemnitees, Indemnitees and Contractor Professional shall cause its insurance policies to be so endorsed. The required insurance policies shall remain in effect for the benefit of Owner at least through any warranty period covering the Project, Project but in no case for less than one four (14) year years after the date of Substantial Completion issuance of the final Certificate for Payment by Professional or such longer period as may be specified elsewhere herein. The insurance policies required of Contractor Professional shall be endorsed to contain a provision requiring a written notice directly from the producer or insurer to Owner at least thirty (30) days prior to any cancellation, non-renewal or material modification of the policies, provided that only ten (10) days’ prior written notice shall be required in the case of cancellation for non-payment of premium.

Appears in 1 contract

Samples: Agreement Between Owner and Professional

Insurance Requirements Generally. All of the foregoing policies of insurance shall be: (a) issued by an insurance carrier approved in advance by Owner, with a rating from A.M. Best Company of not less than A/IXXII, and licensed to provide such coverage in the State of Florida, and (b) in a form satisfactory to Owner without unacceptable exclusions or exceptions to coverage. All policies and renewals thereof are to be written for not less than one (1) year. All policy numbers must be clearly identified. All liability policies must provide for claims to be made on an occurrence basis, except Professional Liability, which shall be written on a claims made basis. The insurance policies will name, and the certificates and endorsements (no more restrictive than CG 20 10 on the CGL policy) will show, Owner (i.e., The Florida International University Board of Trustees), Florida International University, the State of Florida, The Florida Board of Governors, and their respective trustees, directors, officers, employees and agents (hereinafter referred to as “Indemnitees”) Indemnitees as additional insureds. Owner shall also be named as an additional insured insureds on the all liability policy policies (other than the Professional Liability policy) and all certificates of any off-site storage premisesinsurance (except for the Professional Liability policy) shall include the following statement: “Indemnitees are added as additional insureds to the Commercial General Liability and Automobile Liability policies. Additional insured Insured status applies on a primary/non-contributory basis. Commercial General Liability, Automobile Liability, and Worker’s Compensation Waiver of subrogation Subrogation applies in favor of Owner for commercial general liability, worker’s compensation and builder’s risk policies. Indemnitees.” All insurance policies required of Contractor Professional shall be primary and non-contributory to any other insurance or indemnity as may be available to any additional insured. Owner shall be named as “Certificate Holder” on the Certificate of Insurance for the Professional Liability insurance policy. Payment of any deductible or self-insured amounts shall be at Professional’s sole cost and expense. It shall be the insurance company’s responsibility to seek reimbursement from the insured. Contractor Professional for itself and on behalf of its insurance carriers, waives and releases any right of recovery or subrogation for any claim, damage, or loss covered or insured by any insurance policy required of Contractor Professional under this Agreement that Contractor Professional or its insurers may have at any time against Indemnitees, Indemnitees and Contractor Professional shall cause its insurance policies to be so endorsed. The required insurance policies shall remain in effect for the benefit of Owner at least through any warranty period covering the Project, Project but in no case for less than one four (14) year years after the date of Substantial Completion issuance of the final Certificate for Payment by Professional or such longer period as may be specified elsewhere herein. The insurance policies required of Contractor Professional shall be endorsed to contain a provision requiring a written notice directly from the producer or insurer to Owner at least thirty (30) days prior to any cancellation, non-non- renewal or material modification of the policies, provided that only ten (10) days’ prior written notice shall be required in the case of cancellation for non-payment of premium.

Appears in 1 contract

Samples: Agreement Between Owner and Professional

Insurance Requirements Generally. All of the foregoing policies of insurance shall be: (a) issued by an insurance carrier approved in advance by Owner, with a rating from A.M. Best Company of not less than A/IXXII, and licensed to provide such coverage in the State of Florida, and (b) in a form satisfactory to Owner without unacceptable exclusions or exceptions to coverage. All policies and renewals thereof are to be written for not less than one (1) year. All policy numbers must be clearly identified. All liability policies must provide for claims to be made on an occurrence basis, except Consultant Liability, which shall be written on a claims made basis. The insurance policies will name, and the certificates and endorsements (no more restrictive than CG 20 10 on the CGL policy) will show, Owner (i.e., The Florida International University Board of Trustees), Florida International University, the State of Florida, The Florida Board of Governors, and their respective trustees, directors, officers, employees and agents (hereinafter referred to as “Indemnitees”) Indemnitees as additional insureds. Owner shall also be named as an additional insured insureds on the all liability policy policies (other than the Consultant Liability policy) and all certificates of any off-site storage premisesinsurance, except that for the Consultant Liability policy, shall include the following statement: “Indemnitees are added as additional insureds to the Commercial General Liability and Automobile Liability policies. Additional insured Insured status applies on a primary/non-non- contributory basis. Commercial General Liability, Automobile Liability, and Worker’s Compensation Waiver of subrogation Subrogation applies in favor of Owner for commercial general liability, worker’s compensation and builder’s risk policies. Indemnitees.” All insurance policies required of Contractor Consultant shall be primary and non-contributory to any other insurance or indemnity as may be available to any additional insured. Owner shall be named as “Certificate Holder” on the Certificate of Insurance for Consultant’s Consultant Liability insurance policy. Payment of any deductible or self-insured amounts shall be at Consultant’s sole cost and expense. It shall be the insurance company’s responsibility to seek reimbursement from the insured. Contractor Consultant for itself and on behalf of its insurance carriers, waives and releases any right of recovery or subrogation for any claim, damage, or loss covered or insured by any insurance policy required of Contractor Consultant under this Agreement that Contractor Consultant or its insurers may have at any time against Indemnitees, Indemnitees and Contractor Consultant shall cause its insurance policies to be so endorsed. The required insurance policies shall remain in effect for the benefit of Owner at least through any warranty period covering the Project, Project but in no case for less than one four (14) year years after the date of Substantial Completion issuance of the final Certificate for Payment by Consultant or such longer period as may be specified elsewhere herein. The insurance policies required of Contractor Consultant shall be endorsed to contain a provision requiring a written notice directly from the producer or insurer to Owner at least thirty (30) days prior to any cancellation, non-renewal or material modification of the policies, provided that only ten (10) days’ prior written notice shall be required in the case of cancellation for non-payment of premium.

Appears in 1 contract

Samples: Agreement for Continuing Cost Estimating Services

Insurance Requirements Generally. All of the foregoing policies of insurance shall be: (a) issued by an insurance carrier approved in advance by Owner, with a rating from A.M. Best Company of not less than A/IXXII, and licensed to provide such coverage in the State of Florida, and (b) in a form satisfactory to Owner without unacceptable exclusions or exceptions to coverage. All policies and renewals thereof are to be written for not less than one (1) year. All policy numbers must be clearly identified. All liability policies must provide for claims to be made on an occurrence basis, except Professional Liability, which shall be written on a claims made basis. The insurance policies will name, and the certificates and endorsements (no more restrictive than CG 20 10 on the CGL policy) will show, Owner (i.e., The Florida International University Board of Trustees), Florida International University, the State of Florida, The Florida Board of Governors, and their respective trustees, directors, officers, employees and agents (hereinafter referred to as “Indemnitees”) Indemnitees as additional insureds. Owner shall also be named as an additional insured insureds on the all liability policy policies (other than the Professional Liability policy) and all certificates of any off-site storage premisesinsurance (except for the Professional Liability policy) shall include the following statement: “Indemnitees are added as additional insureds to the Commercial General Liability and Automobile Liability policies. Additional insured Insured status applies on a primary/non-contributory basis. Commercial General Liability, Automobile Liability, and Worker’s Compensation Waiver of subrogation Subrogation applies in favor of Owner for commercial general liability, worker’s compensation and builder’s risk policies. Indemnitees.” All insurance policies required of Contractor Professional shall be primary and non-non- contributory to any other insurance or indemnity as may be available to any additional insured. Owner shall be named as “Certificate Holder” on the Certificate of Insurance for the Professional Liability insurance policy. The deductibles or self-insured retentions on Professional’s insurance policies shall not exceed Fifty Thousand Dollars ($50,000) per occurrence, or the amount per claim set forth above in Subparagraph 13.1.5 in the case of the Professional Liability insurance; provided, however, payment of any such deductible or self-insured amounts shall be at Professional’s sole cost and expense. It shall be the insurance company’s responsibility to seek reimbursement from the insured. Contractor Professional for itself and on behalf of its insurance carriers, waives and releases any right of recovery or subrogation for any claim, damage, or loss covered or insured by any insurance policy required of Contractor Professional under this Agreement that Contractor Professional or its insurers may have at any time against Indemnitees, Indemnitees and Contractor Professional shall cause its insurance policies to be so endorsed. The required insurance policies shall remain in effect for the benefit of Owner at least through any warranty period covering the Project, Project but in no case for less than one four (14) year years after the date of Substantial Completion issuance of the final Certificate for Payment by Professional or such longer period as may be specified elsewhere herein. The insurance policies required of Contractor Professional shall be endorsed to contain a provision requiring a written notice directly from the producer or insurer to Owner at least thirty (30) days prior to any cancellation, non-non- renewal or material modification of the policies, provided that only ten (10) days’ prior written notice shall be required in the case of cancellation for non-payment of premium.

Appears in 1 contract

Samples: Agreement Between Owner and Professional

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Insurance Requirements Generally. All of the foregoing policies of insurance shall be: (a) issued by an insurance carrier approved in advance by Owner, with a rating from A.M. Best Company of not less than A/IXXII, and licensed to provide such coverage in the State of Florida, and (b) in a form satisfactory to Owner without unacceptable exclusions or exceptions to coverage. All policies and renewals thereof are to be written for not less than one (1) year. All policy numbers must be clearly identified. All liability policies must provide for claims to be made on an occurrence basis. The insurance policies will name, and the certificates and endorsements (no more restrictive than CG 20 10 on the CGL policy) will show, Owner (i.e., The Florida International University Board of Trustees), Florida International University, the State of Florida, The Florida Board of Governors, and their respective trustees, directors, officers, employees and agents (hereinafter referred to as “Indemnitees”) Indemnitees as additional insuredsinsureds on the all liability policies and all certificates of insurance, shall include the following statement: “Indemnitees are added as additional insureds to the Commercial General Liability, Automobile Liability and Builder’s Risk policies. Owner shall also be named as an additional insured Additional Insured on the liability Commercial General Liability policy of any off-site storage premises. Additional insured Insured status applies on a primary/non-contributory basis. Waiver of subrogation Subrogation applies in favor of Owner Indemnitees for commercial general liabilityCommercial General Liability, workerAutomobile Liability, Worker’s compensation Compensation and builderBuilder’s risk Risk policies. .” All insurance policies required of Contractor shall be primary and non-non- contributory to any other insurance or indemnity as may be available to any additional insured. It shall be the insurance company’s responsibility to seek reimbursement from the insured. Contractor for itself and on behalf of its insurance carriers, waives and releases any right of recovery or subrogation for any claim, damage, or loss covered or insured by any insurance policy required of Contractor under this Agreement that Contractor or its insurers may have at any time against Indemnitees, Indemnitees and Contractor shall cause its insurance policies to be so endorsed. The required insurance policies shall remain in effect for the benefit of Owner at least through any warranty period covering the Project, Project but in no case for less than one four (14) year years after the date of Substantial Completion issuance of the final Certificate for Payment by Contractor or such longer period as may be specified elsewhere herein. The insurance policies required of Contractor shall be endorsed to contain a provision requiring a written notice directly from the producer or insurer to Owner at least thirty (30) days prior to any cancellation, non-renewal or material modification of the policies, provided that only ten (10) days’ prior written notice shall be required in the case of cancellation for non-payment of premium.thirty

Appears in 1 contract

Samples: Agreement for General Contractor Continuing Services

Insurance Requirements Generally. All of the foregoing policies of insurance shall be: (a) issued by an insurance carrier approved in advance by Owner, with a rating from A.M. Best Company of not less than A/IXXII, and licensed to provide such coverage in the State of Florida, and (b) in a form satisfactory to Owner without unacceptable exclusions or exceptions to coverage. All policies and renewals thereof are to be written for not less than one (1) year. All policy numbers must be clearly identified. All liability policies must provide for claims to be made on an occurrence basis. The insurance policies will name, and the certificates and endorsements (no more restrictive than CG 20 10 on the CGL policy) will show, Owner (i.e., The Florida International University Board of Trustees), Florida International University, the State of Florida, The Florida Board of Governors, and their respective trustees, directors, officers, employees and agents (hereinafter referred to as “Indemnitees”) Indemnitees as additional insuredsinsureds on the all liability policies and all certificates of insurance, shall include the following statement: “Indemnitees are added as additional insureds to the Commercial General Liability, Automobile Liability and Builder’s Risk policies. Owner shall also be named as an additional insured Additional Insured on the liability Commercial General Liability policy of any off-site storage premises. Additional insured Insured status applies on a primary/non-contributory basis. Waiver of subrogation Subrogation applies in favor of Owner Indemnitees for commercial general liabilityCommercial General Liability, workerAutomobile Liability, Worker’s compensation Compensation and builderBuilder’s risk Risk policies. .” All insurance policies required of Contractor shall be primary and non-contributory to any other insurance or indemnity as may be available to any additional insured. It shall be the insurance company’s responsibility to seek reimbursement from the insured. Contractor for itself and on behalf of its insurance carriers, waives and releases any right of recovery or subrogation for any claim, damage, or loss covered or insured by any insurance policy required of Contractor under this Agreement that Contractor or its insurers may have at any time against Indemnitees, Indemnitees and Contractor shall cause its insurance policies to be so endorsed. The required insurance policies shall remain in effect for the benefit of Owner at least through any warranty period covering the Project, project(s) but in no case for less than one four (14) year years after the date of Substantial Completion issuance of the final Certificate for Payment by Contractor or such longer period as may be specified elsewhere herein. The insurance policies required of Contractor shall be endorsed to contain a provision requiring a written notice directly from the producer or insurer to Owner at least thirty (30) days prior to any cancellation, non-renewal or material modification of the policies, provided that only ten (10) days’ prior written notice shall be required in the case of cancellation for non-non- payment of premium.

Appears in 1 contract

Samples: Agreement for Continuing Medium Voltage Electrical Services

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