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3. $4,000,000 General Aggregate <br />Coverage shall include, but not be limited to, the following <br />supplementary coverages: <br />1. Contractual Liability to cover liability assumed under the <br />agreement <br />2. Product and Completed Operations Liability insurance <br />3. Broad Form Property Damage Liability insurance <br />4. Independent Contractors <br />5. Such policy shall include all of the coverages, which may be <br />included in coverages A, B, and C contained in the Commercial <br />General Liability Policy, without deletion. Such policy must be <br />issued on an "occurrence" basis, as distinguished from a <br />"claims made" basis. <br />6. Completed Operations extended five years after final <br />payment <br />7. For contractors with design responsibility, endorsement <br />CG22 80 and DIC for contractors' professional is requested <br />b. Commercial Motor Vehicle Liability <br />1. Minimum Combined Single Limit that shall not be less than <br />$1,000,000 per occurrence <br />excess liability policies shall be endorsed with a schedule of <br />underlying liability policies required and obtained from the <br />Contractors. Coverage under the CMAR commercial liability <br />policies shall not be limited by any language in the contracts <br />with the Contractors making the Contractors liable for losses in <br />excess of the limits of coverage provided by the Contractors. <br />8.1.3 Professional Liability Policies <br />Subject to section a.7 of Paragraph 8.1.1, policies for <br />professional liability may be provided by the GMAR or by <br />Contractors or design professionals retained by them, provided <br />that the CMAR first provides a proposal for insurance coverage <br />to the Owner and the Designer, and also provides certificates <br />of insurance for all professional liability insurance provided by <br />such design professionals. The limits of coverage required for <br />professional liability shall be included in the CMAR proposal for <br />insurance, and will be subject to approval by the Owner, taking <br />into account among any other reasonable factors the risks <br />insured against, the cost of the insurance, and the <br />professionals providing the insurance. <br />8.1.4 Cancellation <br />The foregoing policies shall contain a provision that coverages <br />afforded under the policies shall not be cancelled or expire until <br />at least thirty (30) days written notice has been given to the <br />Owner and shall include either a liability endorsement covering <br />this Agreement or an endorsement making the Owner an <br />additional insured under the policies. Certificates of Insurance <br />showing such coverages to be in force shall be filed with the <br />Owner contemporaneously with execution of this Agreement or <br />2. Commercial Automobile Liability insurance to cover all any relevant Contractor contract. <br />vehicles owned by, hired by, or used on behalf of the <br />Contractor <br />c. Excess/Umbrella Liability <br />1. $5 Million per Occurrence <br />2. $5 Million Aggregate <br />8.1.2 Policies <br />Commercial general liability insurance may be arranged under <br />a single policy for the full limits required or by a combination of <br />underlying policies with the balance provided by an excess or <br />umbrella liability policy. The Owner and any lender of the <br />Owner with a loan secured by the property whereon the Project <br />is located shall be a named insured on all commercial general <br />liability policies and excess/umbrella liability policies submitted <br />to comply with this Article. Commercial general liability and <br />8.2 Builder's Risk Insurance <br />The CMAR shall be responsible for purchasing and maintaining <br />insurance satisfactory to the Owner to protect the Project from <br />perils of physical loss. -The Owner shall receive copies of the <br />builder's risk insurance policies that satisfy this Article. The <br />CMAR shall be responsible for any deductibles associated with <br />this coverage. <br />8.2.1 Coverage Terms <br />The insurance shall provide for the cost of replacement for the <br />Work at the time of any loss. The insurance shall include as <br />named insureds the Owner, the CMAR, the Contractors and <br />their subcontractors and shall insure against the loss from the <br />perils of fire and all risk coverage for physical loss or damage <br />due to theft, vandalism, collapse, malicious mischief, transit, <br />26 <br />