Insurance to Protect Project. 10.5.1 The Owner Contractor shall obtain and maintain property insurance in a form acceptable to the Contractor Owner upon the entire Project for the full cost of replacement at the time of any loss. This insurance shall include as named insureds the Owner, Contract, Architect/Engineer, Subcontractors and Subsubcontractors. This insurance shall insure against loss from the perils of fire and extended coverage, and shall include “all risk” insurance for physical loss or damage including without duplication of coverage, at least: theft, vandalism, malicious mischief, transit, collapse, falsework, temporary buildings, debris removal, flood, earthquake, resting, and damage resulting from defective design, workmanship or material. The Owner Contractor shall increase limits of coverage, to reflect estimated replacement cost. The Owner Contractor shall be responsible for any co-insurance penalties or deductibles. This insurance shall include testing with a limit of $10,000,000. If the Owner wishes testing limits higher than $10,000,000 or other special coverages Contractor will attempt to include them in the Builders Risk policy. The cost of this insurance shall be billed to Owner outside of the contract price at Contractor’s actual price.
10.5.2 If the Owner occupies or uses a portion of the Project prior to its Substantial Completion, such occupancy or use shall not commence prior to a time mutually agreed to by the Owner and the Contractor and to which the insurance company or companies providing the property insurance have consented by endorsing the policy or policies. This insurance shall not be cancelled or lapsed on account of partial occupancy. Consent of the Contractor to such early occupancy or use shall not be unreasonably withheld.
10.5.3 The Owner shall obtain and maintain boiler and machinery insurance as necessary. The interest of the Owner, Contractor, Architect/Engineer, Subcontractors and Subsubcontractors shall be protected under this coverage.
10.5.4 The Owner shall purchase and maintain insurance to protect the Owner, Contractor, Architect/Engineer, Subcontractors and Subsubcontractors against loss of use of Owner’s property due to those perils insured pursuant to Paragraph 10.5. Such policy will provide coverage for expediting expenses of materials, continuing overhead of the Owner and the Contractor, Architect/Engineer, Subcontractors and Subsubcontractors, necessary labor expense including overtime, loss of income by the Owner and other de...
Insurance to Protect Project. 8.4.1 Customer shall purchase and maintain all risk full cost replacement property insurance in a form acceptable to Honeywell for the length of time to complete the Project. This insurance shall include as named additional insureds Honeywell and Honeywell’s Subcontractors and Sub-subcontractors and shall include, at a minimum, coverage for fire, windstorm, flood, earthquake, theft, vandalism, malicious mischief, transit, collapse, testing, and damage resulting from defective design, workmanship, or material. Customer will increase limits of coverage, if necessary, to reflect estimated replacement costs. Customer will be responsible for any co-insurance penalties or deductibles. If the Work covers an addition to or is adjacent to an existing building, Honeywell and its Subcontractors and Sub- subcontractors shall be named additional insureds under Customer’s Property Insurance covering such building and its contents.
8.4.1.1 If Customer finds it necessary to occupy or use a portion or portions of the Sites prior to Substantial Completion thereof, such occupancy shall not commence prior to a time mutually agreed to by Customer and Honeywell and to which the insurance company or companies providing the property insurance have consented by endorsement to the policy or policies. This insurance shall not be canceled or lapsed on account of such partial occupancy. Consent of Honeywell and of the insurance company or companies to such occupancy or use shall not be unreasonably withheld.
8.4.2 Customer shall purchase and maintain such insurance as will protect Customer and Honeywell against loss of use of Customer's property due to those perils insured pursuant to Subparagraph 8.4.1. Such policy will provide coverage for expenses of expediting materials, continuing overhead of Customer and Honeywell, necessary labor expense including overtime, loss of income by Customer and other determined exposures. Exposures of Customer and Honeywell shall be determined by mutual agreement and separate limits of coverage fixed for each item.
8.4.3 Customer shall provide evidence of Insurance to HONEYWELL before work on the Project begins. All insurance coverage(s) must be with a carrier rated A- or better by one of the National Insurance Rating Agencies such as A.M. Best. HONEYWELL will be given thirty (30) days notice of cancellation, non-renewal, or any endorsements restricting or reducing coverage.
Insurance to Protect Project. 9.4.1 The Construction Manager will purchase and maintain property insurance in a form acceptable to the Owner upon the entire Project for the full cost of replacement as of the time of any loss. This insurance will include as named insureds, the Owner and the Construction Manager, Trade Contractors and their Trade Subcontractors and will insure against loss from the perils of Fire, Extended Coverage, and will include "All Risk" insurance for physical loss or damage including, without duplication of coverage, at least theft, vandalism, malicious mischief, transit, collapse, flood, and earthquake. The Construction Manager will increase limits of coverage, if necessary, to reflect estimated replacement cost. The Construction Manager will be responsible for any coinsurance penalties or deductibles.
9.4.1.1 If the Owner finds it necessary to occupy or use a portion or portions of the Project prior to Substantial Completion thereof, such occupancy will not commence prior to a time mutually agreed to by the Owner and Construction Manager and to which the insurance company or companies providing the property insurance have consented by endorsement to the policy or policies. This insurance will not be canceled or lapsed on account of such partial occupancy. Consent of the Construction Manager and of the insurance company or companies to such occupancy or use will not be unreasonably withheld.
9.4.2 The Construction Manager will purchase and maintain such boiler and machinery insurance as may be required or necessary. This insurance will include the interests of the Owner, the Construction Manager, Trade Contractors and their Trade Subcontractors in the Work.
9.4.3 The Construction Manager will file a copy of all policies with the Owner before an exposure to loss may occur. Copies of any subsequent endorsements will be furnished to the Construction Manager and the Owner. The Owner will be given sixty (60) days notice of cancellation, non-renewal, or any endorsements restricting or reducing coverage.
Insurance to Protect Project. 8.1.1 The Owner shall obtain and maintain All Risk Builders Risk insurance upon the entirety of each Project for the full cost of replacement of that Project and the Equipment at the time of any loss naming as insureds the Owner and Clearspan (the “Builder’s Risk Policy”). The Builder’s Risk Policy shall include all risk insurance for physical loss or damage including without duplication of coverage for at least theft, vandalism, malicious mischief, transit, materials stored off site, collapse, falsework, temporary buildings, debris removal, flood, earthquake, testing, and damage resulting from defective design, workmanship or material. The Owner shall increase the limits of coverage of the Builder’s Risk Policy when requested by Clearspan to reflect any changes in the Work for a Project or the estimated replacement cost of the Equipment being installed at that Project. The Builder’s Risk Policy shall be written without a co-insurance clause. The Owner shall be solely responsible for any deductible amounts associated with the Builder’s Risk Policy.
8.1.2 The Owner shall not occupy or use any portion of a Project prior to the Substantial Completion of the Work for that Project without the prior agreement of Clearspan and, if the same shall be required to prevent the cancellation or lapsing of any Builder’s Risk Policy, the insurance company that has issued the same.
8.1.3 The Owner shall provide Clearspan with a copy of the Builder’s Risk Policy before an exposure to loss may occur. The Builder’s Risk Policy shall provide that Clearspan be given thirty (30) days prior written notice by the issuer of any cancellation, non-renewal, or any endorsements restricting or reducing coverage.
Insurance to Protect Project. 8.4.1 CUSTOMER shall purchase and maintain all risk full cost replacement property insurance in a form acceptable to CTS for the length of time to complete the Project. This insurance shall include as named additional insureds CTS and CTS’s Subcontractors and Sub-subcontractors and shall include, at a minimum, coverage for fire, windstorm, flood, earthquake, theft,
8.4.1.1 If CUSTOMER finds it necessary to occupy or use a portion or portions of the Facilities prior to Substantial Completion thereof, such occupancy shall not commence prior to a time mutually agreed to by CUSTOMER and CTS and to which the insurance company or companies providing the property insurance have consented by endorsement to the policy or policies. This insurance shall not be canceled or lapsed on account of such partial occupancy. Consent of CTS and of the insurance company or companies to such occupancy or use shall not be unreasonably withheld.
8.4.2 CUSTOMER shall purchase and maintain such insurance as will protect CUSTOMER and CTS against loss of use of CUSTOMER's property due to those perils insured pursuant to Subparagraph 8.4.1. Such policy will provide coverage for expenses of expediting materials, continuing overhead of CUSTOMER and CTS, necessary labor expense including overtime, loss of income by CUSTOMER and other determined exposures. Exposures of CUSTOMER and CTS shall be determined by mutual agreement and separate limits of coverage fixed for each item.
8.4.3 CUSTOMER shall provide Certificate(s) of Insurance to CTS before work on the Project begins. All insurance coverage(s) must be with a carrier rated A or better by one of the National Insurance Rating Agencies such as A.M. Best. CTS will be given sixty (60) days notice of cancellation, non-renewal, or any endorsements restricting or reducing coverage.
Insurance to Protect Project. 12.4.1 The Contractor shall purchase and maintain property insurance in a form acceptable to the Owner upon the entire Project for the full cost of replacement at the time of any loss. This insurance shall include as named insured the Owner, the Contractor, Subcontractors and Subsubcontractors and shall insure against loss from the perils of Fire, Extended Coverage, and shall include “All Risk” insurance for physical loss or damage including, without duplication of coverage, at least theft, vandalism, malicious mischief, transit, or collapse. The Contractor will increase limits of coverage, if necessary, to reflect estimated replacement cost.
12.4.1.1 If the Owner finds it necessary to occupy or use a portion or portions of the Project prior to Substantial Completion thereof, such occupancy shall not commence prior to a time mutually agreed to by the Owner and the Contractor and to which the insurance company or companies providing the property insurance have consented by endorsement to the policy or policies. This insurance shall not be canceled or lapsed on account of such partial occupancy. Consent of the Contractor and of the insurance company or companies to such occupancy or use shall not be unreasonably withheld.
12.4.2 The Owner shall purchase and maintain such boiler and machinery insurance as may be required or necessary. This insurance shall include the interests of the Owner, the Contractor, Subcontractors and Subsubcontractors in the Work.
12.4.3 The Owner shall purchase and maintain such insurance as will protect the Owner and the Contractor against loss of use of Owner’s property due to those perils insured pursuant to Subparagraph 12.4.1. Such policy will provide coverage for expediting expenses of materials, continuing overhead of the Owner and the Contractor, necessary labor expense including overtime, loss of income by the Owner and other determined exposures. Exposures of the Owner and the Contractor shall be determined by mutual agreement and separate limits of coverage fixed for each item.
12.4.4 The Contractor shall file a copy of all policies with the Owner before an exposure to loss may occur. Copies of any subsequent endorsements will be furnished to the Owner. The Owner will be given thirty (30) days notice of cancellation, non-renewal, or any endorsements restricting or reducing coverage.
Insurance to Protect Project. 11.4.1 The Owner shall purchase and maintain property insurance in a form and an amount acceptable to the Contractor upon the entire Project for the full cost of replacement at the time of any loss. This insurance shall include as named insureds the Owner, the Contractor, Subcontractors and Subsubcontractors and shall insure against loss from the perils of Fire, Extended Coverage, and shall include “All Risk” insurance for physical loss or damage including, without duplication of coverage, at least theft, vandalism, malicious mischief, transit, collapse, explosion, testing, and damage resulting from defective design, workmanship or material. All risk insurance shall include coverage during start-up and commissioning of the project. The Owner will increase limits of coverage, if necessary, to reflect the estimated replacement cost. The Owner will be responsible for any co-insurance penalties or deductibles. If the Project covers an addition to or is adjacent to an existing building, the Contractor, Subcontractors and Subsubcontractors shall be named as additional insureds under the Owner’s Property Insurance covering such building and its contents.
11.4.1.1 If the Owner finds it necessary to occupy or use a portion or portions of the Project prior to the Operational Completion thereof, such occupancy shall not commence prior to a time mutually agreed to by the Owner and the Contractor and to which the insurance company or companies providing the property insurance have consented by endorsement to the policy or policies. This insurance shall not be cancelled or lapsed on account of such partial occupancy. Consent of the Contractor and of the insurance company or companies to such occupancy or use shall not be reasonably withheld.
11.4.2 The Owner shall purchase and maintain such boiler and machinery insurance as may be required or necessary. This insurance shall include the interests of the Owner, the Contractor, the Subcontractor and Subsubcontractors in the Work. Guaranteed Max Price Revised 06/18/2007
11.4.3 The Owner shall purchase and maintain such insurance as will protect the Owner and the Contractor against loss of use of Owner’s property due to those perils insured pursuant to Subparagraph 9.4.1. Such policy will provide coverage for expenses of expediting materials, continuing overhead of the Owner and the Contractor, necessary labor expense including overtime, loss of income by the Owner and other determined exposures. Exposures of the Owner and t...
Insurance to Protect Project. 5.1 Design-Builder shall obtain and maintain Builder’s Risk Property Insurance including work and materials, upon the entire project for the full replacement cost at the time of loss. This insurance shall include as named insureds Owner, Design-Builder, Subcontractors and Subsubcontractors. The policy shall insure against direct risk of physical loss or damage including flood or other water damage, earthquake, transit, off-premises storage, boiler and machinery, delay in opening, testing (both hot and cold) [and damage resulting from defective design, faulty workmanship or materials]. Minimum deductible for all risks perils is [insert value] except flood and earthquake which shall be [insert value] and [insert value] respectively. Subcontractors shall be responsible for up to a [insert value] deductible per the Subcontract Terms and Conditions. [Note 1: The deductibles available for flood and earthquake may vary by year and by location of project. Consult with your insurance or risk management personnel or advisor.] [Note 2: It may not be feasible to obtain Builder’s Risk Property Insurance coverage which includes “damage resulting from defective design, faulty workmanship or materials.” Consult with your insurance or risk management personnel or advisor.] The Builder’s Risk Property Insurance shall contain provisions to the effect that in the event of payment of any loss or damage, the insurers will have no rights of recovery against any of the insureds or additional insureds. Owner, Design-Builder, Subcontractors and Subsubcontractors and Suppliers of any tier waive all rights and claims against each other and their respective officers, directors, employees and agents for all loss or damages including loss due to business interruption, loss of use or other consequential damage extending beyond direct physical loss or damage to Owner’s property or the work whether or not insured by Owner, caused by, arising out of or resulting from any of the perils covered by such insurance and any other property insurance applicable to the Work during construction and after. None of the waivers will extend to the rights of any party making such waiver may have to the proceeds of insurance held by Owner as trustee or otherwise payable under any policy issued. Owner and Subcontractor(s) shall maintain at their option, separate all risk commercial property insurance to cover their property, tools and equipment not covered by the Builder’s Risk Insurance Policy.
5.2 If Owne...
Insurance to Protect Project. 4.1 The Contractor shall purchase and maintain property insurance in a form acceptable to the Owner upon the entire Project for the full cost of replacement at the time of any loss. This insurance shall include as named insured the Owner, the Contractor, Subcontractors and Subsubcontractors and shall insure against loss from the perils of Fire, Extended Coverage, and shall include “All Risk” insurance for physical loss or damage including, without duplication of coverage, at least theft, vandalism, malicious mischief, transit, or collapse. The Contractor will increase limits of coverage, if necessary, to reflect estimated replacement cost.
11 12.4.1.1 If the Owner finds it necessary to occupy or use a portion or portions of the Project prior to Substantial Completion thereof, such occupancy shall not commence prior to a time mutually agreed to by the Owner and the Contractor and to which the insurance company or companies providing the property insurance have consented by endorsement to the policy or policies. This insurance shall not be canceled or lapsed on account of such partial occupancy. Consent of the Contractor and of the insurance company or companies to such occupancy or use shall not be unreasonably withheld.
Insurance to Protect Project. 12.4.1. The Owner shall purchase and maintain property insurance upon the entire Project for the full cost of replacement as of the time of any loss. This insurance shall include as named insured only the Owner, and shall include "All risk" insurance for physical loss or damage with coverage acceptable to Owner. The Owner will increase limits of coverage, if necessary, to reflect estimated replacement cost. The Owner will be responsible for an co-insurance penalties or deductibles.
12.4.1.1. If the Owner finds it necessary to occupy or use a portion of the Project prior to Substantial Completion thereof, such occupancy shall not commerce prior to a time mutually agreed to by the Owner and Construction Manager and to which the insurance company or companies providing the property insurance have consented by endorsement to the policy or policies. This insurance shall not be cancelled or lapsed on account of such partial occupancy. Consent of the Construction Manager and of the insurance company or companies to such occupancy or use shall not be unreasonably withheld. It is contemplated that prior to Substantial Completion, Owner will be given access to the building to commerce or cause its contractors to commerce installation of equipment to be supplied by Owner. All policies provided shall permit such occupancy.
12.4.2. The Owner shall purchase and maintain such boiler and machinery insurance as may be required or necessary. This insurance shall include only the interests of the Owner.
12.4.3. Intentionally omitted.
