Property of Others Insurance. Contractor shall procure and maintain, during the entire time Stored Materials are in off-site storage, insurance coverage acceptable to the District that shall protect Contractor and District from all claims for Stored Materials that are lost, stolen, or damaged. The District shall be named as a loss payee for this insurance coverage. The insurance coverage shall include a “loss payable endorsement” stating that all amounts payable will be paid as a joint-check to the Contractor and District. If approved in advance by District, this required insurance may be obtained by an “Employee Theft Protection Insurance Policy” or an “Employee Theft Protection Bond.”
Property of Others Insurance. (if not expressly stated as part of above insurance policies). If equipment and material are stored off-site and are in the Contractor’s possession, the Contractor shall procure and maintain, during the storage of equipment and material, insurance coverage acceptable to the District that shall protect Contractor and District from all claims for Project equipment and materials stored off-site that is lost, stolen, or damaged. The District shall be named as a loss payee for this insurance coverage. The insurance coverage shall include a “loss payable endorsement” stating that all amounts payable will be paid as a joint-check to the Contractor and District. If approved in advance by District, this required insurance may be obtained by an “Employee Theft Protection Insurance Policy” or an “Employee Theft Protection Bond.”
Property of Others Insurance. Design Build Entity and Subcontractors shall procure and maintain, during the entire time Stored Materials are in off-Site storage, insurance coverage as needed in excess of the coverage provided by the Judicial Council’s Builder’s Risk Insurance acceptable to Judicial Council that shall protect Design Build Entity and Judicial Council from all claims for Stored Materials that are lost, stolen, or damaged. Judicial Council shall be named as a loss payee for this insurance coverage. The insurance coverage shall include a “loss payable endorsement” stating that all amounts payable will be paid to either the Design Build Entity or the Judicial Council, dependent upon ownership of Stored Materials. This insurance shall provide all-risk coverage for all Stored Materials up to the full replacement value.
Property of Others Insurance. Vendor shall procure and maintain, during the entire time Stored Materials are in off-site storage, insurance coverage acceptable to the Judicial Council that shall protect Vendor and Judicial Council from all claims for Stored Materials that are lost, stolen, or damaged. The Judicial Council shall be named as a loss payee for this insurance coverage. The insurance coverage shall include a “loss payable endorsement” stating that all amounts payable will be paid as a joint-check to the Vendor and Judicial Council. If approved in advance by Judicial Council, this required insurance may be obtained by an “Employee Theft Protection Insurance Policy” or an “Employee Theft Protection Bond.”
Property of Others Insurance. (if not expressly stated as part of above insurance policies). If equipment and material are stored off-site and are in the Contractor’s possession, the Contractor shall procure and maintain, during the storage of equipment and material, insurance coverage acceptable to the District that shall protect Contractor and District from all claims for Project equipment and materials stored off-site that is lost, stolen, or damaged. The District shall be named as a loss payee for this insurance coverage. The insurance coverage shall include a “loss payable endorsement” stating that all amounts payable will be paid as a joint-check to the Contractor and District.
Property of Others Insurance. Contractor shall obtain and maintain, during the entire time Stored Materials are in off-site storage, insurance coverage acceptable to the Judicial Council that shall protect Contractor and Judicial Council from all claims for Stored Materials that are lost, stolen, or damaged. The insurance coverage shall name the Judicial Council as a loss payee and shall include a “loss payable endorsement” stating that all amounts payable will be paid as a joint-check to the Contractor and Judicial Council. The required insurance may be obtained by an Employee Theft Protection Insurance Policy or an Employee Theft Protection Bond upon the Judicial Council’s prior written approval.
Property of Others Insurance. If this Project is not enrolled in an OCIP, then the Contractor must procure and maintain, during the entire time Stored Materials are in off-site storage, insurance coverage acceptable to Judicial Council that protects Contractor and Judicial Council from all claims for Stored Materials that are lost, stolen, or damaged. Judicial Council must be named as a loss payee for this insurance coverage. The insurance coverage must include a “loss payable endorsement” stating that, in the event the Judicial Council has paid for Stored Materials that are lost, stolen, or damages, all amounts payable will be paid directly to the Judicial Council. If approved in advance by Judicial Council, this required insurance may be obtained by an “Employee Theft Protection Insurance Policy” or an “Employee Theft Protection Bond.”
