Common use of Specific Insurance Requirements Clause in Contracts

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 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 include the provisions of this subsection within each of its subcontracts so as to bind each subcontractor. If General Contractor’s professional liability coverage is on a “claims-made” basis, General Contractor shall obtain extended reporting (tail) coverage (with the same liability limits) upon expiration of the Contract for at least three years following the expiration or termination of the Contract. A Certificate of Insurance shall be submitted within ten (10) business days after Notice of Intent to Award and included as a part of this Contract and incorporated herein. The General Contractor shall furnish to the Owner a binder adding the Owner as an additional insured on all policies except those pertaining to Workers’ Compensation and shall include the following language: “The above described policies shall not be canceled, modified, or amended or coverage reduced without the issuing company providing thirty (30) business days advance written notice to the County of Goochland.” All insurance required by this Contract shall be and remain in full force and effect for the life of the Contract. Should any insurance coverage be changed or canceled, regardless of the reason, the General Contractor shall furnish evidence of new coverage and submit a new and valid binder evidencing the required insurance. Failure to deliver a new and valid binder will result in suspension of all payments until the new binder is furnished. No Contract shall be binding upon the Owner until all the insurance requirements and policies required herein have been filed with the Owner (if requested) and all have been approved as to form and sufficiency by the County Attorney.

Appears in 2 contracts

Samples: Construction Contract, Construction Contract

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Specific Insurance Requirements. A. The General Contractor shall, within ten (10) 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 5,000,000 per incident / $3,000,000 5,000,000 Total Bodily Injury (including death) $1,000,000 5,000,000 per incident / $3,000,000 5,000,000 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 5,000,000 per incident / $3,000,000 5,000,000 Total Bodily Injury (including death) $1,000,000 5,000,000 per incident / $3,000,000 5,000,000 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. . v. General Contractor shall not perform any work 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’ Worker’s 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 include the provisions of this subsection within each of its subcontracts so as to bind each subcontractor. If General Contractor’s professional liability coverage is on a “claims-made” basis, General Contractor shall obtain extended reporting (tail) coverage (with the same liability limits) upon expiration of the Contract for at least three years following the expiration or termination of the Contract. A Certificate of Insurance shall be submitted within ten (10) business days after Notice of Intent to Award and included as a part of this Contract and incorporated herein. The General Contractor shall furnish to the Owner a binder adding the Owner as an additional insured on all policies except those pertaining to Workers’ Compensation and shall include the following language: “The above described policies shall not be canceled, modified, or amended or coverage reduced without the issuing company providing thirty (30) business days advance written notice to the County of Goochland.” All insurance required by this Contract shall be and remain in full force and effect for the life of the Contract. Should any insurance coverage be changed or canceled, regardless of the reason, the General Contractor shall furnish evidence of new coverage and submit a new and valid binder evidencing the required insurance. Failure to deliver a new and valid binder will result in suspension of all payments until the new binder is furnished. No Contract shall be binding upon the Owner until all the insurance requirements and policies required herein have been filed with the Owner (if requested) and all have been approved as to form and sufficiency by the County Attorney.Title

Appears in 2 contracts

Samples: Construction Contract, Construction Contract

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. v. Builders Risk insurance for the amount of the 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 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 include the provisions of this subsection within each of its subcontracts so as to bind each subcontractor. If General Contractor’s professional liability coverage is on a “claims-made” basis, General Contractor Bidder shall obtain extended reporting (tail) coverage (with the same liability limits) upon expiration of the Contract for at least three years following the expiration or termination of the Contract. The Builders Risk insurance contractor shall maintain in force, at its own expense, Builder’s Risk/Installation Floater for an amount equal to the full amount of the Contract improvements, upon the project and all materials or items which is or will become the property of the County pursuant to the Contract Documents, including but not limited, materials and other items at the work site or stored off-site with the consent of the County. A copy of any applicable Builder’s Risk/Installation Floater will be provided to the County, and it shall be the responsibility of the Contractor and each Subcontractor to satisfy itself as to the terms of such coverage, and to determine whether or not at its own cost, to carry any supplemental policy of insurance. A Certificate of Insurance shall be submitted within ten (10) business days after Notice of Intent to Award and included as a part of this Contract and incorporated herein. The General Contractor shall furnish to the Owner a binder adding the Owner as an additional insured on all policies except those pertaining to Workers’ Compensation and shall include including the following language: “The above described policies shall not be canceled, modified, or amended or coverage reduced without the issuing company providing thirty (30) business days advance written notice to the County of Goochland.” All insurance required by this Contract shall be and remain in full force and effect for the life of the Contract. Should any insurance coverage be changed or canceled, regardless of the reason, the General Contractor shall furnish evidence of new coverage and submit a new and valid binder evidencing the required insurance. Failure to deliver a new and valid binder will result in suspension of all payments until the new binder is furnished. All insurance required by this Contract shall be and remain in full force and effect for the life of the Contract. No Contract shall be binding upon the Owner until all the insurance requirements and policies required herein have been filed with the Owner (if requested) and all have been approved as to form and sufficiency by the County Attorney.

Appears in 1 contract

Samples: Construction Contract

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’ Worker’s 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 include the provisions of this subsection within each of its subcontracts subcontracts, so as to bind each subcontractor. If General Contractor’s professional liability coverage is on a “claims-made” basis, General Contractor Bidder shall obtain extended reporting (tail) coverage (with the same liability limits) upon expiration of the Contract for at least three years following the expiration or termination of the Contract. A Certificate of Insurance shall be submitted within ten (10) business days after Notice of Intent to Award and included as a part of this Contract and incorporated herein. The General Contractor shall furnish to the Owner a binder adding the Owner as an additional insured on all policies except those pertaining to Workers’ Compensation and shall include including the following language: “The above described policies shall not be canceled, modified, or amended or coverage reduced without the issuing company providing thirty (30) business days advance written notice to the County of Goochland.” All insurance required by this Contract shall be and remain in full force and effect for the life of the Contract. Should any insurance coverage be changed or canceled, regardless of the reason, the General Contractor shall furnish evidence of new coverage and submit a new and valid binder evidencing the required insurance. Failure to deliver a new and valid binder will result in suspension of all payments until the new binder is furnished. All insurance required by this Contract shall be and remain in full force and effect for the life of the Contract. No Contract shall be binding upon the Owner until all the insurance requirements and policies policies, required herein herein, have been filed with the Owner (if requested) and all have been approved as to form and sufficiency by the County Attorney.

Appears in 1 contract

Samples: Construction Contract

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Specific Insurance Requirements. A. The General Contractor shall, within ten (10) days after Notice of Intent to Award, shall 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. Builder’s Risk Insurance which includes, without duplication, but is not limited to: fire (with extended coverage), theft, vandalism, malicious mischief, collapse, windstorm, false work, testing and startup, temporary buildings and debris removal, and which provides coverage for one hundred percent (100%) of the General Contractor’s work. v. 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 (3) years following the expiration or termination of this Contract. vi. General Contractor shall not perform any work 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’ Worker’s 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 include the provisions of this subsection within each of its subcontracts subcontracts, so as to bind each subcontractor. If General Contractor’s professional liability coverage is on a “claims-made” basis, General Contractor shall obtain extended reporting (tail) coverage (with the same liability limits) upon expiration of the Contract for at least three years following the expiration or termination of the Contract. A Certificate of Insurance shall be submitted within ten (10) business days after Notice of Intent to Award and included as a part of this Contract and incorporated hereinContract. The General Contractor shall furnish to the Owner a binder adding the Owner as an additional insured on all policies except those pertaining to Workers’ Workers Compensation and shall include including the following language: “The above described policies shall not be canceled, modified, or amended or coverage reduced without the issuing company providing thirty (30) business days advance written notice to the County of Goochland.” All insurance required by this Contract shall be and remain in full force and effect for the life of the Contract. Should any insurance coverage be changed or canceledcancelled, regardless of the reason, the General Contractor shall furnish evidence of new coverage and submit a new and valid binder evidencing the required insurance. Failure to deliver a new and valid binder will result in suspension of all payments until the new binder is furnished. No All insurance required by this Contract shall be and remain in full force and effect for the life of the Contract. This Contract shall be binding upon the Owner until the all the insurance requirements and policies policies, required herein have been filed with the Owner (if requested) and all have been approved as to form and sufficiency by the County Attorney.

Appears in 1 contract

Samples: Construction Contract

Specific Insurance Requirements. A. The General Contractor shall, within ten (10) days after Notice of Intent to Award, shall 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- 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 5,000,000 per incident / $3,000,000 5,000,000 Total Bodily Injury (including death) $1,000,000 5,000,000 per incident / $3,000,000 5,000,000 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 5,000,000 per incident / $3,000,000 5,000,000 Total Bodily Injury (including death) $1,000,000 5,000,000 per incident / $3,000,000 5,000,000 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 (3) years following the expiration or termination of this Contract. . v. General Contractor shall not perform any work 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’ Worker’s 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 include the provisions of this subsection within each of its subcontracts so as to bind each subcontractor. If General Contractor’s professional liability coverage is on a “claims-made” basis, General Contractor shall obtain extended reporting (tail) coverage (with the same liability limits) upon expiration of the Contract for at least three years following the expiration or termination of the Contract. A Certificate of Insurance shall be submitted within ten (10) business days after Notice of Intent to Award and included as a part of this Contract and incorporated herein. The General Contractor shall furnish to the Owner a binder adding the Owner as an additional insured on all policies except those pertaining to Workers’ Compensation and shall include the following language: “The above described policies shall not be canceled, modified, or amended or coverage reduced without the issuing company providing thirty (30) business days advance written notice to the County of Goochland.” All insurance required by this Contract shall be and remain in full force and effect for the life of the Contract. Should any insurance coverage be changed or canceled, regardless of the reason, the General Contractor shall furnish evidence of new coverage and submit a new and valid binder evidencing the required insurance. Failure to deliver a new and valid binder will result in suspension of all payments until the new binder is furnished. No Contract shall be binding upon the Owner until all the insurance requirements and policies required herein have been filed with the Owner (if requested) and all have been approved as to form and sufficiency by the County Attorney.Title

Appears in 1 contract

Samples: Construction Contract

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