Professional Liability Insurance Requirements. Professional liability insurance shall cover the A/E against claims the A/E may become obligated to pay arising out of the performance of the A/E under the agreement and caused by any error or omission of the A/E or of any person employed by the A/E, or any others for whom the A/E is liable. The limit amount of the insurance shall be on a per claim basis.
A. The required coverage is stated in the agreement.
B. If project funding increases, the required coverage amount may be increased by modification.
Professional Liability Insurance Requirements. 9.2.1 The Professional's professional liability policy(ies):
(i) shall be issued by an insurance company licensed to do business in the State of New York and rated at least B+ by A.M. Best and Company, or meet such other requirements as are acceptable to the Owner;
(ii) shall be kept in force throughout performance of the Professional's services and for five (5) years after the end of such performance if on a claims-made policy;
(iii) may be a claims-made policy; and,
(iv) shall be evidenced by a certificate of insurance acceptable to the Owner. The Professional shall purchase at its sole expense extended Discovery Clause coverage of up to three (3) years after work is completed if coverage is canceled or not renewed. Written proof of this extended reporting period must be provided to the Owner prior to expiration or cancellation.
9.2.2 If applicable, as referenced in Chapter One of the Contract for Professional Services, Article 7, iv (a), the Professional’s Asbestos Professional Liability policy:
(i) shall provide coverage of the Professional’s negligence, errors or omissions in rendering or failing to render services of an engineering or consulting nature arising out of specifications, installation, modification, abatement, replacement or approval of products, materials or processes containing asbestos, and the failure to advise of or detect the existence or the proportions of asbestos.
9.2.3 If applicable, as referenced in Chapter One of the Contract For Professional Services, Article 7, iv (b), the Professional’s Environmental Engineers and Consultants Professional Liability policy:
(i) shall provide coverage of the Professional’s negligence, errors or omissions in rendering or failing to render services of an engineering or consulting nature arising out of their environmental engineering or consulting.
Professional Liability Insurance Requirements. Professional liability insurance shall cover the CM against claims the CM may become obligated to pay arising out of the performance of the CM under the agreement and caused by any breach or negligence of the CM or of any person employed by the CM, or any others for whom the CM is liable. The required coverage is stated in the agreement. The limit amount of the insurance shall be on a per claim basis.
Professional Liability Insurance Requirements. Throughout the Project, the Professional and its architectural, mechanical engineering, electrical engineering, plumbing engineering, fire protection engineering, and structural engineering consultants shall carry, at the Professional’s own expense, blanket Professional liability insurance with a coverage amount of $ . The civil engineering consultant shall carry same with a coverage amount of $ . PM: Ensure PL insurance coverage amount matches what was required in the selection process.
Professional Liability Insurance Requirements. 9.2.1 The Professional's professional liability policy(ies):
(i) shall be issued by an insurance company licensed to do business in the State of New York and rated at least B+ by A.M. Best and Company, or meet such other requirements as are acceptable to the Owner;
(ii) shall be kept in force throughout performance of the Professional's services and for five (5) years after the end of such performance if on a claims-made policy;
(iii) may be a claims-made policy; and,
(iv) shall be evidenced by a certificate of insurance acceptable to the Owner which provides that the coverage evidenced thereby shall not be canceled, non-renewed or a reduction in the limits of liability without thirty
Professional Liability Insurance Requirements. Throughout the Project, the Design/Builder and its architectural, mechanical engineering, electrical engineering, plumbing engineering, fire protection engineering, and structural engineering consultants shall carry, at the Design/Builder’s own expense, blanket Professional liability insurance with a coverage amount of $x,xxx,xxx. Design/Builder’s civil engineering consultant shall carry same with a coverage amount of $x,xxx,xxx. PM: Ensure PL insurance coverage amount matches what was required in the selection process. Pursuant to the Agreement for Design/Build Services (“Agreement”) between the University of Florida Board of Trustees (“Owner”) and Name of DB Firm (“Design/Builder”), for the construction of [name of project], the Owner and the Design/Builder hereby execute this Authorization for Construction and further agree as set forth below. [Optional: Whereas, the Project is being performed in phases as permitted by the Contract for Construction; and
Professional Liability Insurance Requirements. Errors or Omission/Professional Liability: With respect to any damage caused by an error, omission or any negligent acts of the Contractor under the contract the Contractor shall carry not less than One Million 00/100 ($1,000,000.00) per occurrence or claim for any wrongful act. "Tail" Coverage: If any of the required liability insurance is on a “claims made" basis, "tail" coverage will be required at the completion of the contract for duration of five (5) years. Contractor shall furnish certification of “tail" coverage as described or continuous "claims made" liability coverage for five (5) years following Contract completion. Continuous "claims made" coverage will be acceptable in lieu of "tail" coverage provided its retroactive date is on or before the effective date of the contract. If continuous "claims made" coverage is used, Contractor shall be required to coverage in effect for duration of not less than five (5) years from the end of the contract.
Professional Liability Insurance Requirements. Throughout the Project, the Professional and its architectural, mechanical engineering, electrical engineering, plumbing engineering, fire protection engineering, and structural engineering consultants shall carry, at the Professional’s own expense, blanket Professional liability insurance with a coverage amount of $ . The civil engineering consultant shall carry same with a coverage amount of $ . PM: Ensure PL insurance coverage amount matches what was required in the selection process. 2.2 (PD) Pre-Design PD Review 2.3 (CSD) Concept Schematic Design CSD Review and CM Cost Estimate 2.4 (ASD) Advanced Schematic Design ASD Review and CM Cost Estimate ASHRAE Energy Model [PM Note: Delete/Move to different design phase if needed] 2.5 (DD) Design Development Phase and Cost Report and Life-Cycle Cost Analysis DD Review and CM Cost Estimate 2.6 60% Construction Documents and Cost Report 60% CDs Review and CM Cost Estimate 2.6.1 (GMP) 100% CDs Early bid package 100% Site CDs Review and CM Site GMP 2.6.3 (GMP) 100% Construction Documents and Cost Report 100% CDs Review and CM GMP ASHRAE Energy Model [PM Note: Delete/Move to different design phase if needed] 2.7.2 (CBD) Conformed Bid Documents Bidding and Buyout Construction 2.8.16 Record Documents 2.9.2 (PO) Post Occupancy Inspection & Report Basic Services (This schedule lists services included in the lump sum fee initially based on the PDC Design Services Fee curve and included in the Total Fees and schedule of payments as set forth on the Exhibit G) Services Consultants Yes No Architectural Design (name of firm) Yes No Civil Engineering (name of firm) Yes No Landscape Architecture (name of firm) Yes No Structural Engineering (name of firm) Yes No Mechanical Engineering (name of firm) Yes No Electrical Engineering (name of firm) Yes No Plumbing Engineering (name of firm) Yes No Fire Protection Eng. (incl. hydraulic calculations) (name of firm) Yes No BICSI Communications Distribution Designer (name of firm) Yes No Cost Estimating & Report (name of firm) Yes No Renderings/Models/Animations (name of firm) Yes No Audio-Visual Systems Integration & Design (name of firm) Yes No Security Systems Integration & Design (name of firm) (This schedule lists other serv...
Professional Liability Insurance Requirements. Throughout the Project, the Design/Builder and its architectural, mechanical engineering, electrical engineering, plumbing engineering, fire protection engineering, and structural engineering consultants shall carry, at the Design/Builder’s own expense, blanket Professional liability insurance with a coverage amount of $x,xxx,xxx. Design/Builder’s civil engineering consultant shall carry same with a coverage amount of Pursuant to the Agreement for Design/Build Services (“Agreement”) between the Florida Polytechnic University Board of Trustees (“Owner”) and Name of DB Firm (“Design/Builder”), for the construction of [name of project], the Owner and the Design/Builder hereby execute this Authorization for Construction and further agree as set forth below. [Optional: Whereas, the Project is being performed in phases as permitted by the Contract for Construction; and Whereas, Owner desires to authorize Constructions Manager to commence the [ ] phase of the Project.]
1. Design/Builder shall commence [Optional: the phase] of the Work within ten (10) calendar days after the date indicated on the Notice to Proceed. The date of Substantial Completion for the Project shall be: Month Date, Year.
2. The date of Final Completion for the Project shall be thirty (30) days after the date of Substantial Completion.
Professional Liability Insurance Requirements. The Professional's professional liability policy:
(i) shall be issued by an insurance carrier acceptable to the Owner;
(ii) shall be kept in force throughout performance of the Professional's services and for five (5) years after the end of such performance;
(iii) may be a claims-made policy; and
(iv) shall be evidenced by a certificate of insurance acceptable to the Owner which provides that the coverage evidenced thereby shall not be substantially modified or canceled without thirty (30) days' prior written notice to the Owner. If any professional liability is canceled or not renewed, any substitute policy shall have a commencement date retroactive to the date upon which the Professional commenced performance of its services under this Contract For Professional Services.
