Completed Operations. For Construction Agreements, Contractor shall maintain insurance as required by this Agreement to the fullest amount allowed by law and shall maintain insurance for a minimum of five (5) years following the completion of this project. In the event Contractor fails to obtain or maintain completed operations coverage as required by this Agreement, the City at its sole discretion may purchase the coverage required and the cost will be paid by Contractor. THE FOLLOWING PROVISIONS APPLY TO ALL AGREEMENTS Deductibles and Self-Insured Retentions (“SIR”): Any deductibles or self-insured retentions must be declared to and approved by City. The City may require the Contractor or Consultant to purchase coverage with a lower deductible or retention or provide proof of ability to pay losses and related investigations, claim administration, and defense expenses within the retention. At the option of the City, either (1) the insurer shall reduce or eliminate such deductibles or self-insured retentions as respects the City, its elected and appointed officials, officers, attorneys, agents, and employees; or (2) the Contractor or Consultant shall procure a bond guaranteeing payment of losses and related investigations, claim administration and defense expenses. All SIRs must be disclosed to Risk Management for approval and shall not reduce the limits of liability. Policies containing any SIR provision shall provide or be endorsed to provide that the SIR may be satisfied by either the named insured or the City. City reserves the right to obtain a full-certified copy of any insurance policy and endorsements. Failure to exercise this right shall not constitute a waiver of right to exercise later. Acceptability of Insurers: Insurance is to be placed with insurers with a current A.M. Best’s rating of no less than A-:VII, unless otherwise acceptable to City. Claims Made Policies: (note - should be applicable only to professional liability, see below)
Completed Operations. For Construction Agreements, Contractor shall maintain insurance as required by this Agreement to the fullest amount allowed by law and shall maintain insurance for a minimum of five (5) years following the completion of this project. In the event Contractor fails to obtain or maintain completed operations coverage as required by this Agreement, the City at its sole discretion may purchase the coverage required and the cost will be paid by Contractor.
Completed Operations. Seller must purchase completed operations coverage for a period of two (2) years after termination or expiration of this Agreement.
Completed Operations. Bodily Injury Liability $1,000,000 Single limit/ each occurrence Property Damage Liability $2,000,000 Aggregate
Completed Operations. Concessionaire shall be responsible for claims that may arise out of the Concessionaire’s operations or completed operations whether such operations or completed operations are by the Concessionaire or its hired Contractors, Subcontractors or Independent Contractors. Adequacy Regarding Coverage: By requiring insurance herein, Concessionaire does not represent that coverage and limits will necessarily be adequate to protect the Board and such coverage and limits shall not be deemed as a limitation or cap on Concessionaire’s liability or indemnities granted to the Board in this Contract.
Completed Operations. Products Liability with a two (2) year extension beyond completion and acceptance of the Work.
Completed Operations. Developer shall maintain insurance as required by this contract to the fullest amount allowed by law and shall maintain insurance for a minimum of five years following the completion of this project. In the event the Developer fails to obtain or maintain completed operations coverage as required by this agreement, the City at its sole discretion may purchase the coverage required and the cost will be paid by the Developer.
Completed Operations. This coverage shall cover the use of all equipment, hoists, and vehicles on the site(s) not covered by Automobile Liability under this Contract. Policy coverage must be on an occurrence basis.
Completed Operations. For the Commercial General Liability insurance required herein, including Umbrella and Excess liability insurance, completed operations coverage shall be carried for at least 10 years after the Completion Date or until the expiration of the statute of limitations or statute of repose for patent and latent construction defect claims, whichever is more. The insurance obligation contained herein shall continue as specified regardless of the extinguishment of other rights or duties under this Agreement by completion, termination or any other manner. This insurance shall be primary and non-contributory as to any other liability insurance available to Owner or its Members and Managers. Such completed operations coverage shall not exclude coverage for the development and construction of residential multi-family apartment units, mixed commercial/residential apartment units, or not-for-sale townhomes. Cost of Insurance: Developer will be responsible for the cost of the Workers’ Compensation and Employer Liability insurance and, unless coverage is provided through policies providing joint coverage to Owner and Developer, as provided below, Automobile Liability insurance. Owner will reimburse Developer for the cost of the Commercial General Liability, Excess or Umbrella Liability and Completed Operations insurance (unless coverage is provided through policies providing joint coverage to Owner and Developer, as provided below).
Completed Operations. In addition to issues relating to whether, or to what extent an additional insured is entitled to coverage for its own negligent conduct, some additional insured endorsements contain language limiting the duration of time for which coverage is provided.
