Common use of Minimum Required Insurance Clause in Contracts

Minimum Required Insurance. A/E and each Subconsultant shall keep in force the following minimum coverages and limits of insurance: Professional Liability Insurance with limits of at least $1,000,000 per claim and $2,000,000 in the aggregate. If such policy is not written on an “occurrence” form, the policy shall be endorsed to provide for an extended reporting period for claims arising out of or related to the Project of at least three (3) years following final completion of the Project, and A/E shall provide a copy of such endorsement to District within ten (10) days after the execution of a Task Order. Commercial General Liability Insurance with limits of at least $1,000,000 per occurrence and $2,000,000 general aggregate, written on an “occurrence” form and not a “modified occurrence” or “claims made” form, including coverage for property damage and personal injury, covering operations by or on behalf of A/E (including operations of any Subconsultant), and providing that costs of defense are covered in addition to and not as part of the limits of liability. Business automobile liability coverage for liability arising from any automobile (including owned, hired, and non-owned automobiles) with minimum limits of $1,000,000 combined single limit each accident. Workers’ compensation insurance with at least the coverages and limits required by state law and including occupational disease coverage, and employer’s liability insurance with minimum limits of $1,000,000 bodily injury for each accident, $1,000,000 per employee for disease, and $1,000,000 disease aggregate. Property insurance covering the full replacement cost of any property of A/E that may be used in connection with the Services, including without limitation any property that may be brought on the Project site. Each Commercial General Liability policy and automobile liability policy shall include an Additional Insured Endorsement issued to all of District Parties. Each Commercial General Liability policy, automobile liability policy and property insurance policy carried by A/E (including Subconsultants) shall include a waiver of subrogation endorsement for the benefit of District Parties. Each of the policies of insurance required by this Agreement shall, in addition to the provisions specifically required herein, include the minimum coverages, terms and conditions of Insurance Service Office forms of policies and endorsements. A/E shall submit an XXXXX certificate of insurance verifying that it is carrying in good standing all insurance policies required pursuant to this Agreement at the signing of a Task Order and promptly upon each renewal of such policy. Such certificate shall further provide that A/E’s insurance will not be cancelled without thirty (30) days prior written notice to District (ten (10) days in the event of non-payment of premiums). A/E shall provide certificates of insurance evidencing replacement or renewal policies that conform to the requirements of this Article XV at least fifteen (15) days before A/E’s then existing policies expire and from time to time upon request of District. Upon request, A/E shall provide District complete copies of the insurance policies required by this Agreement. All insurance policies required by this Section 0 shall be written by companies licensed to write insurance in Colorado with an A.M. Best rating of at least A-/VII. All insurance coverage carried by A/E shall be primary, and any insurance coverage carried by District shall be only excess coverage. Each liability policy this Agreement requires to be carried by A/E shall include coverage for liability arising out of the activities of A/E’s Subconsultants in the scope of their engagement as Subconsultants, unless each such Subconsultant provides its own policies in accordance with all the requirements of this Section 0, including all required certificates and endorsements. In the event A/E or any Subconsultant fails to maintain any insurance required by this Section 0, such failure shall be a default of this Agreement, and in addition to District’s other remedies under this Agreement, at law or in equity, District may procure such additional insurance for the benefit of itself and/or A/E as District reasonably deems necessary to protect its interests and A/E shall be liable to reimburse District for its costs of such insurance.

Minimum Required Insurance. A/E Architect and each Subconsultant shall keep in force the following minimum coverages and limits of insurance: Professional Liability Insurance with limits of at least $1,000,000 per claim and $2,000,000 in the aggregate. If such policy is not written on an “occurrence” form, the policy shall be endorsed to provide for an extended reporting period for claims arising out of or related to the Project of at least three (3) years following final completion of the Project, and A/E Architect shall provide a copy of such endorsement to District Owner within ten (10) days after the execution of a Task Orderthis Agreement. Commercial General Liability Insurance with limits of at least $1,000,000 per occurrence and $2,000,000 general aggregate, written on an “occurrence” form and not a “modified occurrence” or “claims made” form, including coverage for property damage and personal injury, covering operations by or on behalf of A/E Architect (including operations of any Subconsultant), and providing that costs of defense are covered in addition to and not as part of the limits of liability. Business automobile liability coverage for liability arising from any automobile (including owned, hired, and non-owned automobiles) with minimum limits of $1,000,000 combined single limit each accident. Workers’ compensation insurance with at least the coverages and limits required by state law and including occupational disease coverage, and employer’s liability insurance with minimum limits of $1,000,000 bodily injury for each accident, $1,000,000 per employee for disease, and $1,000,000 disease aggregate. Property insurance covering the full replacement cost of any property of A/E Architect that may be used in connection with the Services, including without limitation any property that may be brought on the Project site. Each Commercial General Liability policy and automobile liability policy shall include an Additional Insured Endorsement issued to all of District Owner Parties. Each Commercial General Liability policy, automobile liability policy and property insurance policy carried by A/E Architect (including Subconsultants) shall include a waiver of subrogation endorsement for the benefit of District Owner Parties. Each of the policies of insurance required by this Agreement shall, in addition to the provisions specifically required herein, include the minimum coverages, terms and conditions of Insurance Service Office forms of policies and endorsements. A/E Architect shall submit an XXXXX certificate of insurance verifying that it is carrying in good standing all insurance policies required pursuant to this Agreement at the signing of a Task Order this Agreement and promptly upon each renewal of such policy. Such certificate shall further provide that A/EArchitect’s insurance will not be cancelled without thirty (30) days prior written notice to District Owner (ten (10) days in the event of non-payment of premiums). A/E Architect shall provide certificates of insurance evidencing replacement or renewal policies that conform to the requirements of this Article XV at least fifteen (15) days before A/EArchitect’s then existing policies expire and from time to time upon request of DistrictOwner. Upon request, A/E Architect shall provide District Owner complete copies of the insurance policies required by this Agreement. All insurance policies required by this Section 0 11.1 shall be written by companies licensed to write insurance in Colorado with an A.M. Best rating of at least A-/VII. All insurance coverage carried by A/E Architect shall be primary, and any insurance coverage carried by District Owner shall be only excess coverage. Each liability policy this Agreement requires to be carried by A/E Architect shall include coverage for liability arising out of the activities of A/EArchitect’s Subconsultants in the scope of their engagement as Subconsultants, unless each such Subconsultant provides its own policies in accordance with all the requirements of this Section 011.1, including all required certificates and endorsements. In the event A/E Architect or any Subconsultant fails to maintain any insurance required by this Section 011.1, such failure shall be a default of this Agreement, and in addition to DistrictOwner’s other remedies under this Agreement, at law or in equity, District Owner may procure such additional insurance for the benefit of itself and/or A/E Architect as District Owner reasonably deems necessary to protect its interests and A/E Architect shall be liable to reimburse District Owner for its costs of such insurance.

Minimum Required Insurance. A/E Architect and each Subconsultant Sub-consultant shall keep in force the following minimum coverages coverage’s and limits of insurance: Professional Liability Insurance with limits of at least $1,000,000 per claim and $2,000,000 in the aggregate. If such policy is not written on an “occurrence” form, the policy shall be endorsed to provide for an extended reporting period for claims arising out of or related to the Project of at least three (3) years following final completion of the Project, and A/E Architect shall provide a copy of such endorsement to District Owner within ten (10) days after the execution of a Task Orderthis Agreement. Commercial General Liability Insurance with limits of at least $1,000,000 per occurrence and $2,000,000 general aggregate, written on an “occurrence” form and not a “modified occurrence” or “claims made” form, including coverage for property damage and personal injury, covering operations by or on behalf of A/E Architect (including operations of any SubconsultantSub- consultant), and providing that costs of defense are covered in addition to and not as part of the limits of liability. Business automobile liability coverage for liability arising from any automobile (including owned, hired, and non-owned automobiles) with minimum limits of $1,000,000 combined single limit each accident. Workers’ compensation insurance with at least the coverages coverage’s and limits required by state law and including occupational disease coverage, and employer’s liability insurance with minimum limits of $1,000,000 bodily injury for each accident, $1,000,000 per employee for disease, and $1,000,000 disease aggregate. Property insurance covering the full replacement cost of any property of A/E Architect that may be used in connection with the Services, including without limitation any property that may be brought on the Project site. Each Commercial General Liability policy and automobile liability policy shall include an Additional Insured Endorsement issued to all of District Owner Parties. Each Commercial General Liability policy, automobile liability policy and property insurance policy carried by A/E Architect (including SubconsultantsSub-consultants) shall include a waiver of subrogation endorsement for the benefit of District Owner Parties. Each of the policies of insurance required by this Agreement shall, in addition to the provisions specifically required herein, include the minimum coveragescoverage’s, terms and conditions of Insurance Service Office forms of policies and endorsements. A/E Architect shall submit an XXXXX certificate of insurance verifying that it is carrying in good standing all insurance policies required pursuant to this Agreement at the signing of a Task Order this Agreement and promptly upon each renewal of such policy. Such certificate shall further provide that A/EArchitect’s insurance will not be cancelled without thirty (30) days prior written notice to District Owner (ten (10) days in the event of non-payment of premiums). A/E Architect shall provide certificates of insurance evidencing replacement or renewal policies that conform to the requirements of this Article XV at least fifteen (15) days before A/EArchitect’s then existing policies expire and from time to time upon request of DistrictOwner. Upon request, A/E Architect shall provide District Owner complete copies of the insurance policies required by this Agreement. All insurance policies required by this Section 0 11.1 shall be written by companies licensed to write insurance in Colorado with an A.M. Best rating of at least A-/VII. All insurance coverage carried by A/E Architect shall be primary, and any insurance coverage carried by District Owner shall be only excess coverage. Each liability policy this Agreement requires to be carried by A/E Architect shall include coverage for liability arising out of the activities of A/EArchitect’s Subconsultants Sub-consultants in the scope of their engagement as SubconsultantsSub-consultants, unless each such Subconsultant Sub-consultant provides its own policies in accordance with all the requirements of this Section 011.1, including all required certificates and endorsements. In the event A/E Architect or any Subconsultant Sub-consultant fails to maintain any insurance required by this Section 011.1, such failure shall be a default of this Agreement, and in addition to DistrictOwner’s other remedies under this Agreement, at law or in equity, District Owner may procure such additional insurance for the benefit of itself and/or A/E Architect as District Owner reasonably deems necessary to protect its interests and A/E Architect shall be liable to reimburse District Owner for its costs of such insurance.