State Agencies. At the start of the Contract term, and upon renewal of the insurance policy, the OGS Bureau of Risk & Insurance Management shall issue a Certificate of Insurance that specifies the blanket physical damage coverage provided for all Rentals, other than vehicles, by Authorized Users that are State Agencies covered by the State’s self-retention policy. Such coverage shall be for physical damage only, with a one million ($1,000,000) limit per item, and a five million ($5,000,000) general aggregate for the year. A separate Certificate of Insurance shall be issued to the Contractor, prior to commencement of the Rental Period, by the OGS Bureau of Risk & Insurance Management for each Rental of Heavy Equipment that is a vehicle (i.e., has a license plate affixed to it and may be operated on a roadway). Such coverage shall be for physical damage only, and have a $400,000 limit per loss.
Appears in 4 contracts
Samples: Heavy Equipment Rental Agreement, Heavy Equipment Rental Agreement, Heavy Equipment Rental Agreement
