Agenda - 01-15-2008-4y1 - Laserfiche WebLink

Browse Search

motor vehicle liability insurance shall be written for not less than the following limits of liability: a. Commercial General Liabilitv 1. $2,000,000 Bodily Injury and Property Damage for each occurrence 2. $4,000,000 Products/Completed Operations Aggregate 3. $4,000,000 General Aggregate Coverage shall include, but not be limited to, the following supplementary coverages: 1. Contractual Liability to cover liability assumed under the agreement 2. Product and Completed Operations Liability insurance 3. Broad Form Property Damage Liability insurance 4. Independent Contractors 5. Such policy shall include all of the coverages, which maybe included in coverages A, B, and G contained in the Commercial General Liability Policy, without deletion. Such policy must be issued on an "occurrence" basis, as distinguished from a "claims made' basis. 6. Completed Operations extended five years after final payment 7. For contractors with design responsibility, endorsement CG22 80 and DIC for contractors' professional is requested b. Commercial Motor Vehicle Liabilitv 1. Minimum Combined Single Limit that shall not be less than $1,000,000 per occurrence 2. Commercial Automobile Liability insurance to cover all vehicles owned by, hired by, or used on behalf of the Contractor c. Excess/Umbrella Liability 1. $5 Million per Occurrence 2. $5 Million Aggregate 8.1.2 Policies Commercial general liability insurance may be arranged under a single policy for the full limits required or by a combination of underlying policies with the balance provided by an excess or umbrella liability policy. The Owner shall be a named insured on all commercial general liability policies submitted to comply with this Article. Commercial general liability and excess liability policies shall be endorsed with a schedule of underlying liability policies required and obtained from the Contractors. Coverage under the CM commercial liability policies shall not be limited by any language in the contracts with the Contractors making the Contractors liable for losses in excess of the limits of coverage provided by the Contractors. 8.1.3 Professional Liabilitv Policies [Not Used.] 8.1.4 Cancellation The foregoing policies shall contain a provision that coverages afforded under the policies shall not be cancelled or expire until at least thirty (30) days written notice has been given to the Owner and shall include either a liability endorsement covering this Agreement or an endorsement making the Owner an additional insured under the policies. Certificates of Insurance showing such coverages to be in force shall be filed with the Owner contemporaneously with execution of this Agreement or any relevant Contractor contract. 8.2 Builder's Risk Insurance The CM shall be responsible for purchasing and maintaining insurance satisfactory to the Owner to protect the Project from perils of physical loss. The Owner shall receive copies of the builder's risk insurance policies that satisfy this Article. The CM shall be responsible for any deductibles associated with this coverage. 8.2.1 Coverage Terms The insurance shall provide for the cost of replacement for the Work at the time of any loss. The insurance shall include as named insureds the Owner, the CM, the Contractors and their subcontractors and shall insure against the loss from the perils of fire and all risk coverage for physical loss or damage due to theft, vandalism, collapse, malicious mischief, transit, flood, earthquake, testing, or damages resulting from defective design, negligent workmanship or defective material. The CM shall obtain approval from the Owner before increasing any coverage due to increases in construction costs. 23