Common use of Insurance to Protect Project Clause in Contracts

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. 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, offsite storage, 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.Subcontractors 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. 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, offsite storage, 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- 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. 8.4.1 Customer CUSTOMER shall purchase and maintain all risk full cost replacement property insurance in a form acceptable to Honeywell HONEYWELL for the length of time to complete the Project. This insurance shall include as named additional insureds Honeywell HONEYWELL and HoneywellHONEYWELL’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 CUSTOMER will increase limits of coverage, if necessary, to reflect estimated replacement costs. Customer 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 HONEYWELL and its Subcontractors and Sub- Sub-subcontractors shall be named additional insureds under CustomerCUSTOMER’s Property Insurance covering such building and its contents. 8.4.1.1 If Customer CUSTOMER finds it necessary to occupy or use a portion or portions of the Sites Facilities prior to Substantial Completion thereof, such occupancy shall not commence prior to a time mutually agreed to by Customer CUSTOMER and Honeywell 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 HONEYWELL and of the insurance company or companies to such occupancy or use shall not be unreasonably withheld. 8.4.2 Customer CUSTOMER shall purchase and maintain such insurance as will protect Customer CUSTOMER and Honeywell HONEYWELL against loss of use of CustomerCUSTOMER'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 CUSTOMER and HoneywellHONEYWELL, necessary labor expense including overtime, loss of income by Customer CUSTOMER and other determined exposures. Exposures of Customer CUSTOMER and Honeywell HONEYWELL shall be determined by mutual agreement and separate limits of coverage fixed for each item. 8.4.3 Customer 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.thirty