Specific Insurance Requirements Sample Clauses

Specific Insurance Requirements. The following insurance shall be maintained in effect with limits not less than those set forth below at all times during the term of this Agreement and thereafter as required: Commercial General Liability (Occurrence Basis) Amounts of coverage shall be no less than: ▪ $1,000,000 Per Occurrence ▪ $2,000,000 General Aggregate ▪ $2,000,000 Products/Completed Operations Aggregate ▪ $1,000,000 Personal And Advertising Injury ▪ Designated Construction Project(s) General Aggregate Limit ▪ Current ISO edition of CG 00 01 ▪ Additional insured status shall be provided in favor of Owner Parties on a combination of ISO forms CG 20 10 10 01 and CG 20 37 10101 or an equivalent. ▪ This coverage shall be endorsed to provide primary and non-contributing liability coverage. It is the intent of the parties to this Agreement that all insurance coverage required herein shall be primary to and will not seek contribution from any other insurance held by Owner Parties, with Owner Parties’ insurance being excess, secondary and non-contributing. ▪ Stop Gap coverage shall be provided if any work is to be performed in a monopolistic workers’ compensation state. ▪ The following exclusions/limitations (or their equivalent(s), are prohibited: o Contractual Liability Limitation CG 21 39 o Amendment of Insured Contract Definition CG 24 26 o Exclusion-Damage to Work Performed by Subcontractors On Your Behalf, CG 22 94 or CG 22 95 o Any Classification limitation o Any Construction Defect Completed Operations exclusion o Any endorsement modifying the Employer’s Liability exclusion or deleting exception to it o Any endorsement modifying or deleting Explosion, Collapse or Underground coverage o Any Habitational or Residential exclusion applicable to the Work o Any “Insured vs. Insured” exclusion except Named Insured vs. Named Insured o Any Punitive, Exemplary or Multiplied Damages exclusion o Any Subsidence exclusion Business Auto Liability Amount of coverage shall be no less than: ▪ $1,000,000 Combined Single Limit ▪ Current ISO edition of CA 00 01 ▪ Arising out of any auto (Symbol 1), including owned, hired and non-owned Workers’ Amounts of coverage shall be no less than: ▪ The State in which work is to be performed Compensation and Employer’s Liability ▪ Statutory Limits ▪ $1,000,000 Each Accident and Disease ▪ Alternate Employer endorsement must listed under Item 3.A. on the Information Page ▪ Such insurance shall cover liability arising out of the Contractor’s employment of workers and a...
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Specific Insurance Requirements. 35.4.1 Contractor shall take out and maintain and shall require all Subcontractors, if any, whether primary or secondary, to take out and maintain:
Specific Insurance Requirements. A. The General Contractor shall, within ten (10) days after Notice of Intent to Award, purchase and maintain, at its own expense, and from a company or companies authorized to do business within the Commonwealth of Virginia, insurance policies containing the following selected types of coverages and minimum limits of liability, protecting from claims which may arise out of or result from the General Contractor’s performance or non-performance of services under this Contract, or the performance or non- performance of services under this Contract by anyone directly or indirectly employed by the General Contractor or for whose acts it may be liable: i. Comprehensive General Liability, including Premises and Operations; Contractor's Protective Liability; Products Liability including Completed Operations Coverage; and Contractual Liability for this contract: a. Limits: $1,000,000 per incident / $3,000,000 Total Bodily Injury (including death) $1,000,000 per incident / $3,000,000 Total Property Damage b. General Liability , excluding Products and Completed Operations, shall be on a Per Project basis. ii. Comprehensive Automobile Liability, including all Owned Automobiles, Non-Owned Automobiles and Hired Car Coverage: a. Limits: $1,000,000 per incident / $3,000,000 Total Bodily Injury (including death) $1,000,000 per incident / $3,000,000 Total Property Damage iii. Employer's Liability for Participants not covered by Workers Compensation Insurance in an amount not less than $100,000. iv. Professional Liability Insurance with limits of not less than $1,000,000 per claim and $3,000,000 in the aggregate. If General Contractor’s professional liability coverage is on a “claims-made” basis, the General Contractor shall obtain extended reporting (tail) coverage (with the same liability limits) upon expiration of this Contract for at least three years following the expiration or termination of this Contract. General Contractor shall not perform any work on this Project unless General Contractor has obtained, and continues to maintain for the duration of Project, such Workers’ Compensation coverage as may be required pursuant to the provisions of Chapter 8 (Code Section 65.2-800 et seq.) of Title 65.2 of the Code of Virginia, 1950, as amended. General Contractor shall not allow any subcontractor to perform any work on the Project unless the subcontractor has obtained, and continues to maintain for the duration of such work, such Workers’ Compensation coverage as may be re...
Specific Insurance Requirements. Coverage shall be at least as broad as: Commercial General Liability (CGL): Insurance Services Office Form CG 00 01 covering CGL on an “occurrence” basis, including products and completed operations, property damage, bodily injury and personal & advertising injury with limits no less than $2,000,000 per occurrence. If a general aggregate limit applies, either the general aggregate limit shall apply separately to this project/location or the general aggregate limit shall be twice the required occurrence limit. Automobile Liability: ISO Form Number CA 00 01 covering any auto (Code 1), or if Contractor has no owned autos, covering hired, (Code 8) and non-owned autos (Code 9), with limit no less than $1,000,000 per accident for bodily injury and property damage.
Specific Insurance Requirements. The insurance required by this Article 21 (Insurance) shall be written for not less than any limits of liability specified in this Contract, or required by Law, whichever is greater. Before commencement of the Work and until the last Final Payment made hereunder (except that product liability coverage shall continue in force until two years after the date of the last Final Payment made hereunder), Contractor shall procure, deposit, and maintain for Owner's benefit, insurance satisfactory to Owner, as set forth in this Article 21.2 (Specific Insurance Requirements). (a) Worker's Compensation as required by the Worker's Compensation Laws of the states in which the Work is performed and Employer's Liability Insurance in an amount not less than $100,000/$500,000/$500,000. (b) Commercial General Liability Insurance covering Bodily Injury, Personal Injury and Property Damage,
Specific Insurance Requirements. 5.1 The General Contractor shall purchase and maintain, at its expense, from a company or companies authorized to do business in the State of Florida, and which are acceptable to the County, insurance policies containing the following selected types of coverage and minimum limits of liability protecting from claims which may arise out of or result from the performance or non-performance of services under this Contract For Construction by the General Contractor or by anyone directly or indirectly employed by it, or by anyone for whose acts it may be liable: General Liability insurance on forms no more restrictive than the latest edition of the Occurrence Form Commercial General Liability policy (CG 00 01) of the Insurance Services Office or equivalent without restrictive endorsements, with the following minimum limits and coverage: Each Occurrence/General Aggregate $1,000,000/2,000,000 Products-Completed Operations $2,000,000 Personal & Adv. Injury $1,000,000 Fire Damage $50,000 Medical Expense $5,000 Contractual Liability Included Automobile liability insurance, including owned, non-owned, and hired autos with the following minimum limits and coverage: Combined Single Limit $1,000,000 Workers' compensation insurance based on proper reporting of classification codes and payroll amounts in accordance with Chapter 440, Florida Statutes, and/or any other applicable law requiring workers' compensation (Federal, maritime, etc). If not required by law to maintain workers compensation insurance, the vendor must provide a notarized statement that if he or she is injured, he or she will not hold the County responsible for any payment or compensation. Employers Liability with the following minimum limits and coverage: Each Accident $1,000,000 Disease-Each Employer $1,000,000 Disease-Policy Limit $1,000,000 Builders Risk Insurance with all-risk perils for 100% of the contract amount □ is / □ is not required. Lake County, a Political Subdivision of the State of Florida, and the Board of County Commissioners, shall be named as additional insured as their interest may appear on all applicable policies. Certificate(s) of insurance shall provide for a minimum of thirty (30) days prior written notice to the County of any change, cancellation, or nonrenewal of the required insurance. Certificate(s) of insurance shall identify the contract number in the Description of Operations section of the Certificate. Certificate of insurance shall evidence a waiver of subrogation in fav...
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Specific Insurance Requirements. Contractor shall take out and maintain and shall require all Subcontractors, if any, whether primary or secondary, to take out and maintain: Comprehensive General Liability Insurance with a combined single limit per occurrence of not less than $1,000,000.00 or Commercial General Liability Insurance which provides limits of not less than: (a) Per occurrence (combined single limit) $1,000,000.00 (b) Project Specific Aggregate (for this Project only) $1,000,000.00 (c) Products and Completed Operations (aggregate) $1,000,000.00 (d) Personal and Advertising Injury Limit $1,000,000.00 Insurance Covering Special Hazards. The following Special hazards shall be covered by riders or riders to above mentioned public liability insurance or property damage insurance policy or policies of insurance, in amounts as follows: (a) Automotive and truck where operated in amounts $1,000,000.00 (b) Material Hoist where used in amounts $1,000,000.00 (c) Explosion, Collapse and Underground (XCU coverage) $1,000,000.00 (d) Hazardous Materials $1,000,000.00
Specific Insurance Requirements. (i) Property Insurance - An all risks property insurance policy, including coverage for fire, theft, collision, burglary, pilferage, loss in transit, explosion, spoilage, wind, hail, earthquake, flood, collapse, sinkhole and terrorism (domestic and foreign), for an amount not less than one hundred percent (100%) of the replacement cost of the Collateral (exclusive of costs for foundations, underground utilities and footings for any Collateral consisting of real property, if applicable) without deduction for physical depreciation. Earthquake coverage will be required for any Collateral consisting of real property, if applicable, if the locations PML/SEL exceeds 20% with a limit equal to the PML/SEL. Earthquake deductibles shall not be greater than five percent (5%) of the total insured value of the property. If all or any portion of the improvements at any real property Collateral is, at any time during the term of this Agreement, located in a special flood hazard area or such other area as Lender may determine its reasonable discretion, flood coverage in an amount equal to (1) the maximum amount of such insurance available through the National Flood Insurance Program and (2) such additional flood coverage in form and substance and in amounts as may be reasonably required by Lender. “All risks” shall provide coverage for all direct damage to property except as specifically excluded by the policy. Such all risks property insurance policy shall contain a 438 BFU endorsement, or an equivalent New York Standard Mortgagee (if applicable) and Lenders Loss Payable Endorsement (CG 12 18 06 95 provision “C” or its equivalent, and: (A) no coinsurance provision or an agreed amount endorsement waiving any coinsurance provisions; (B) a deductible not to exceed $50,000; (C) if applicable, ordinance or law coverage including (1) loss in value to the undamaged portion of the building(s) to full replacement value, (2) demolition costs with a limit per loss of ten percent (10%) of the value of the building(s) affected by loss, and (3) increased costs of construction with a limit per loss of ten percent (10%) of the value of the building(s) affected by loss; (D) if applicable, equipment breakdown coverage including, but not limited to, loss or damage from electrical injury, machinery and equipment breakdown, and explosion of steam boilers, air conditioning equipment, high pressure piping, pressure vessels or similar apparatus; and (E) business income and/or loss of rents cove...
Specific Insurance Requirements. 5.1 The Construction Manager shall deliver the required proofs of insurance to the Owner prior to the commencement of any Work, and in no event any later than 7 calendar days after the execution of this Agreement. 5.2 The Construction Manager shall, throughout the performance of its services under this Agreement and throughout the term of this Agreement maintain and provide to the Owner the insurance coverages listed in this Article. The insurance policies shall be issued and underwritten by a licensed insurer, licensed as such in the State of Florida. The Construction Manager shall provide insurance that may not be reduced, terminated, or cancelled unless 30 calendar days prior written notice thereof is furnished to the Owner. Certificates of insurance and copies of all policies (if required by the Owner) shall be furnished to the Owner within 7 calendar days after the execution of this Agreement. In the event of any cancellation or reduction in insurance coverage, the Construction Manager shall obtain substitute coverage, without any lapse of coverage whatsoever. The insurance policies shall name the Owner, the Owner’s representatives, and the officers, directors, agents, employees and assigns of the Owner as additional insureds (except for the professional liability and worker’s compensation insurance). 5.3 The insurance required by in this Article shall include all major divisions of coverage, and shall be on a commercial general basis including premises and operations (including X-C-U), Independent Contractor Hired Products and Completed Operations, and Owned, Nonowned, and Hired Motor Vehicles. Such insurance shall be written for not less than any limits of liability required by law or others set forth in the Contract Documents, whichever is greater. All insurance shall be written on an occurrence basis, unless the Owner approves in writing coverage on a claims-made basis. Coverages, whether written on an occurrence or claims-made basis, shall be maintained without interruption from date of commencement of the work until date of final payment and termination of any coverage required to be maintained after final payment. 5.4 The Construction Manager shall furnish to the Owner copies of any endorsements that are subsequently issued amending limits of coverage. 5.5 Liability insurance shall include all major divisions of coverage and be on a comprehensive basis including: 1. Premises Operation (including X-C-U as applicable) 2. Independent Contractor’s ...
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