Common use of Developer’s Insurance Clause in Contracts

Developer’s Insurance. Prior to commencing construction on all or any portion of the development site, Developer shall and Developer shall cause its agents, contractors and subcontractors, (the “Developer Parties”) to procure and maintain in full force and effect, at Developer’s sole expense, Builders Risk, Commercial General Liability Insurance, Commercial Automobile Liability Insurance, (including coverage for owned automobiles and for non-owned and hired automobiles), Umbrella or Excess Liability Insurance for the Commercial General Liability Insurance and Commercial Automobile Liability Insurance, Professional Liability as specified herein and any other insurance as may be required from time to time. With the exception of Worker’s Compensation and Professional Liability Insurance, each policy must (i) identify the DDA, ELBRA, and the City and their respective successors and assigns (collectively, “Developer’s Designees”) as additional insureds and (ii) include an endorsement providing that coverage in favor of Developer’s Designees will not be impaired in any way by any act, omission, or default of Developer, its contractors, employees, agents, representatives or any other person. All insurance policies required hereunder shall be written as primary policies, not contributing with or in excess of any coverage maintained by the DDA, ELBRA, or City. Developer shall provide the DDA, ELBRA, and City with a Certificate of Insurance and a copy of the additional insured endorsement at any time upon request. Commercial General Liability Insurance, Commercial Automobile Liability Insurance, Umbrella or Excess Coverage and Worker’s Compensation Insurance shall be written with limits of liability not less than those shown below. Builders Risk policies for each portion of the Project will be for the completed value of the structures, including Building A, Building C, Building D, and the Infrastructure Improvements, either in whole or as component parts of the Project based upon the construction cost. Builders Risk As stated above Commercial General Liability i. Each Occurrence $1,000,000 ii. General Aggregate $2,000,000 iii. Products/Completed Operations (Aggregate) $2,000,000 Personal and Advertising Injury $1,000,000 Commercial Automobile $1,000,000 combined single limit Umbrella $10,000,000 each occurrence Worker’s Compensation Statutory limits Employer’s Liability $1,000,000 Limited Pollution $1,000,000 Professional Liability $1,000,000 Developer shall, and shall cause all Developer Parties to, maintain in effect all insurance coverages required hereunder, at the Developer’s sole expense or such Developer Party’s sole expense. All insurance is to be issued by companies having a "General Policyholders Rating" of at least "A" and a financial rating of not less than Class XII. All insurance policies shall provide that the coverage afforded shall not be canceled or non-renewed or restrictive modifications added, until at least ten (10) days' prior written notice has been given to each of the Developer’s Designees. Developer shall, at least thirty (30) days prior to the expiration of such policies, furnish City with renewals thereof. In the event the Developer or Developer Parties fail to obtain or maintain any insurance coverage required under the Agreement, City may purchase such coverage and charge the cost thereof to Developer at 125% of the actual costs in order to compensate the City for the administrative time involved.

Developer’s Insurance. Prior to commencing construction on all or any portion of the development site, Developer shall and Developer shall cause its agents, contractors and subcontractors, (the “Developer Parties”) to procure and maintain in full force and effect, at Developer’s sole expense, Builders Risk, Commercial General Liability Insurance, Commercial Automobile Liability Insurance, (including coverage for owned automobiles and for non-owned and hired automobiles), Umbrella or Excess Liability Insurance for the Commercial General Liability Insurance and Commercial Automobile Liability Insurance, Professional Liability as specified herein and any other insurance as may be required from time to time. With the exception of Worker’s Compensation and Professional Liability Insurance, each policy must (i) identify the DDA, ELBRA, ELBRA and the City and their respective successors and assigns (collectively, “Developer’s Designees”) as additional insureds and (ii) include an endorsement providing that coverage in favor of Developer’s Designees will not be impaired in any way by any act, omission, or default of Developer, its contractors, employees, agents, representatives or any other person. All insurance policies required hereunder shall be written as primary policies, not contributing with or in excess of any coverage maintained by the DDA, ELBRA, or City. Developer shall provide the DDA, ELBRA, and ELBRA & City with a Certificate of Insurance and a copy of the additional insured endorsement at any time upon request. Commercial General Liability Insurance, Commercial Automobile Liability Insurance, Umbrella or Excess Coverage and Worker’s Compensation Insurance shall be written with limits of liability not less than those shown the below. Builders Risk policies for each portion of the Project will be for the completed value of the structures, including Building A, Building C, Building D, and the Infrastructure Improvements, either in whole or as component parts of the Project based upon the construction cost. Builders Risk As stated above Commercial General Liability i. Each Occurrence $1,000,000 ii. General Aggregate $2,000,000 iii. Products/Completed Operations (Aggregate) $2,000,000 Personal and Advertising Injury $1,000,000 Commercial Automobile $1,000,000 combined single limit Umbrella $10,000,000 each occurrence Worker’s Compensation Statutory limits Employer’s Liability $1,000,000 Limited Pollution $1,000,000 Professional Liability $1,000,000 Developer shall, and shall cause all Developer Parties to, maintain in effect all insurance coverages required hereunder, at the Developer’s sole expense or such Developer Party’s sole expense. All insurance is to be issued by companies having a "General Policyholders Rating" of at least "A" and a financial rating of not less than Class XII. All insurance policies shall provide that the coverage afforded shall not be canceled or non-renewed or restrictive modifications added, until at least ten (10) days' prior written notice has been given to each of the Developer’s Designees. Developer shall, at least thirty (30) days prior to the expiration of such policies, furnish City with renewals thereof. In the event the Developer or Developer Parties fail to obtain or maintain any insurance coverage required under the Agreement, City may purchase such coverage and charge the cost thereof to Developer at 125% of the actual costs in order to compensate the City for the administrative time involvedDeveloper.

Developer’s Insurance. Prior to commencing construction on all or any portion of the development site, Developer shall and Developer shall cause its agents, contractors and subcontractors, (the “Developer Parties”) to procure and maintain in full force and effect, at Developer’s sole expense, Builders Risk, Commercial General Liability Insurance, Commercial Automobile Liability Insurance, (including coverage for owned automobiles and for non-owned and hired automobiles), Umbrella or Excess Liability Insurance for the Commercial General Liability Insurance and Commercial Automobile Liability Insurance, Professional Liability as specified herein and any other insurance as may be required from time to time. With the exception of Worker’s Compensation and Professional Liability Insurance, each policy must (i) identify the DDA, ELBRA, and the City and their respective successors and assigns (collectively, “Developer’s Designees”) as additional insureds and (ii) include an endorsement providing that coverage in favor of Developer’s Designees will not be impaired in any way by any act, omission, or default of Developer, its contractors, employees, agents, representatives or any other person. All insurance policies required hereunder shall be written as primary policies, not contributing with or in excess of any coverage maintained by the DDA, ELBRA, or City. Developer shall provide the DDA, ELBRA, and City with a Certificate of Insurance and a copy of the additional insured endorsement at any time upon request. Commercial General Liability Insurance, Commercial Automobile Liability Insurance, Umbrella or Excess Coverage and Worker’s Compensation Insurance shall be written with limits of liability not less than those shown below. Builders Risk policies for each portion of the Project will be for the completed value of the structures, including Building A, Building C, Building Dthe Building, and the Infrastructure Improvements, either in whole or as component parts of the Project based upon the construction cost. Builders Risk As stated above Commercial General Liability i. Each Occurrence $1,000,000 ii. General Aggregate $2,000,000 iii. Products/Completed Operations (Aggregate) $2,000,000 Personal and Advertising Injury $1,000,000 Commercial Automobile $1,000,000 combined single limit Umbrella $10,000,000 each occurrence Worker’s Compensation Statutory limits Employer’s Liability $1,000,000 Limited Pollution $1,000,000 Professional Liability $1,000,000 Developer shall, and shall cause all Developer Parties to, maintain in effect all insurance coverages required hereunder, at the Developer’s sole expense or such Developer Party’s sole expense. All insurance is to be issued by companies having a "General Policyholders Rating" of at least "A" and a financial rating of not less than Class XII. All insurance policies shall provide that the coverage afforded shall not be canceled or non-renewed or restrictive modifications added, until at least ten (10) days' prior written notice has been given to each of the Developer’s Designees. Developer shall, at least thirty (30) days prior to the expiration of such policies, furnish City with renewals thereof. In the event the Developer or Developer Parties fail to obtain or maintain any insurance coverage required under the Agreement, City may purchase such coverage and charge the cost thereof to Developer at 125% of the actual costs in order to compensate the City for the administrative time involved.2,000,000

Developer’s Insurance. Prior to commencing construction on all or any portion of the development site, Developer shall and Developer shall cause its agents, contractors and subcontractors, (the “Developer Parties”) to procure and maintain in full force and effect, at Developer’s sole expense, Builders Risk, Commercial General Liability Insurance, Commercial Automobile Liability Insurance, (including coverage for owned automobiles and for non-owned and hired automobiles), Umbrella or Excess Liability Insurance for the Commercial General Liability Insurance and Commercial Automobile Liability Insurance, Professional Liability as specified herein and any other insurance as may be required from time to time. With the exception of Worker’s Compensation and Professional Liability Insurance, each policy must (i) identify the DDA, ELBRA, and the City and their respective successors and assigns (collectively, “Developer’s Designees”) as additional insureds and (ii) include an endorsement providing that coverage in favor of Developer’s Designees will not be impaired in any way by any act, omission, or default of Developer, its contractors, employees, agents, representatives or any other person. All insurance policies required hereunder shall be written as primary policies, not contributing with or in excess of any coverage maintained by the DDA, ELBRA, or City. Developer shall provide the DDA, ELBRA, and City with a Certificate of Insurance and a copy of the additional insured endorsement at any time upon request. Commercial General Liability Insurance, Commercial Automobile Liability Insurance, Umbrella or Excess Coverage and Worker’s Compensation Insurance shall be written with limits of liability not less than those shown below. Builders Risk policies for each portion of the Project will be for the completed value of the structures, including Building A, Building C, Building D, and the Infrastructure Improvements, either in whole or as component parts of the Project based upon the construction cost. Builders Risk As stated above Commercial General Liability i. Each Occurrence $1,000,000 ii. General Aggregate $2,000,000 iii. Products/Completed Operations (Aggregate) $2,000,000 Personal and Advertising Injury $1,000,000 Commercial Automobile $1,000,000 combined single limit Umbrella $10,000,000 each occurrence Worker’s Compensation Statutory limits Employer’s Liability $1,000,000 Limited Pollution $1,000,000 Professional Liability $1,000,000 Developer shall, and shall cause all Developer Parties to, maintain in effect all insurance coverages required hereunder, at the Developer’s sole expense or such Developer Party’s sole expense. All insurance is to be issued by companies having a "General Policyholders Rating" of at least "A" and a financial rating of not less than Class XII. All insurance policies shall provide that the coverage afforded shall not be canceled or non-renewed or restrictive modifications added, until at least ten (10) days' prior written notice has been given to each of the Developer’s Designees. Developer shall, at least thirty (30) days prior to the expiration of such policies, furnish City with renewals thereof. In the event the Developer or Developer Parties fail to obtain or maintain any insurance coverage required under the Agreement, City may purchase such coverage and charge the cost thereof to Developer at 125% of the actual costs in order to compensate the City for the administrative time involvedDeveloper.

Developer’s Insurance. Prior to commencing construction on all or any portion of the development site, Developer shall and Developer shall cause its agents, contractors and subcontractors, (the “Developer Parties”) to procure and maintain in full force and effect, at Developer’s sole expense, Builders Risk, Commercial General Liability Insurance, Commercial Automobile Liability Insurance, (including coverage for owned automobiles and for non-owned and hired automobiles), Umbrella or Excess Liability Insurance for the Commercial General Liability Insurance and Commercial Automobile Liability Insurance, Professional Liability as specified herein and any other insurance as may be required from time to time. With the exception of Worker’s Compensation and Professional Liability Insurance, each policy must (i) identify the DDA, ELBRA, and the City and their respective successors and assigns (collectively, “Developer’s Designees”) as additional insureds and (ii) include an endorsement providing that coverage in favor of Developer’s Designees will not be impaired in any way by any act, omission, or default of Developer, its contractors, employees, agents, representatives or any other person. All insurance policies required hereunder shall be written as primary policies, not contributing with or in excess of any coverage maintained by the DDA, ELBRA, or City. Developer shall provide the DDA, ELBRA, and City with a Certificate of Insurance and a copy of the additional insured endorsement at any time upon request. Commercial General Liability Insurance, Commercial Automobile Liability Insurance, Umbrella or Excess Coverage and Worker’s Compensation Insurance shall be written with limits of liability not less than those shown below. Builders Risk policies for each portion of the Project will be for the completed value of the structures, including Building A, Building C, Building Dthe Building, and the Infrastructure Improvements, either in whole or as component parts of the Project based upon the construction cost. Builders Risk As stated above Commercial General Liability i. Each Occurrence $1,000,000 ii. General Aggregate $2,000,000 iii. Products/Completed Operations (Aggregate) $2,000,000 Personal and Advertising Injury $1,000,000 Commercial Automobile $1,000,000 combined single limit Umbrella $10,000,000 each occurrence Worker’s Compensation Statutory limits Employer’s Liability $1,000,000 Limited Pollution $1,000,000 Professional Liability $1,000,000 Developer shall, and shall cause all Developer Parties to, maintain in effect all insurance coverages required hereunder, at the Developer’s sole expense or such Developer Party’s sole expense. All insurance is to be issued by companies having a "General Policyholders Rating" of at least "A" and a financial rating of not less than Class XII. All insurance policies shall provide that the coverage afforded shall not be canceled or non-renewed or restrictive modifications added, until at least ten (10) days' prior written notice has been given to each of the Developer’s Designees. Developer shall, at least thirty (30) days prior to the expiration of such policies, furnish City with renewals thereof. In the event the Developer or Developer Parties fail to obtain or maintain any insurance coverage required under the Agreement, City may purchase such coverage and charge the cost thereof to Developer at 125% of the actual costs in order to compensate the City for the administrative time involved.

Developer’s Insurance. Prior to commencing construction on all or any portion of the development site, Developer shall and Developer shall cause its agents, contractors and subcontractors, (the “Developer Parties”) to procure and maintain in full force and effect, at Developer’s sole expense, Builders Risk, Commercial General Liability Insurance, Commercial Automobile Liability Insurance, (including coverage for owned automobiles and for non-owned and hired automobiles), Umbrella or Excess Liability Insurance for the Commercial General Liability Insurance and Commercial Automobile Liability Insurance, Professional Liability as specified herein and any other insurance as may be required from time to time. With the exception of Worker’s Compensation and Professional Liability Insurance, each policy must (i) identify the DDA, ELBRA, ELBRA and the City and their respective successors and assigns (collectively, “Developer’s Designees”) as additional insureds and (ii) include an endorsement providing that coverage in favor of Developer’s Designees will not be impaired in any way by any act, omission, or default of Developer, its contractors, employees, agents, representatives or any other person. All insurance policies required hereunder shall be written as primary policies, not contributing with or in excess of any coverage maintained by the DDA, ELBRA, or City. Developer shall provide the DDA, ELBRA, and ELBRA & City with a Certificate of Insurance and a copy of the additional insured endorsement at any time upon request. Commercial General Liability Insurance, Commercial Automobile Liability Insurance, Umbrella or Excess Coverage and Worker’s Compensation Insurance shall be written with limits of liability not less than those shown the below. Builders Risk policies for each portion of the Project will be for the completed value of the structures, including Building A, Building C, Building D, and the Infrastructure Improvements, either in whole or as component parts of the Project based upon the construction cost. Builders Risk As stated above Commercial General Liability i. Each Occurrence $1,000,000 ii. General Aggregate $2,000,000 iii. Products/Completed Operations (Aggregate) $2,000,000 Personal and Advertising Injury $1,000,000 $2,000,000 $2,000,000 $1,000,000 Commercial Automobile $1,000,000 combined single limit Umbrella $10,000,000 each occurrence Worker’s Compensation Statutory limits Employer’s Liability $1,000,000 Limited Pollution Professional Liability $1,000,000 Professional Liability $1,000,000 Developer shall, and shall cause all Developer Parties to, maintain in effect all insurance coverages required hereunder, at the Developer’s sole expense or such Developer Party’s sole expense. All insurance is to be issued by companies having a "General Policyholders Rating" of at least "A" and a financial rating of not less than Class XII. All insurance policies shall provide that the coverage afforded shall not be canceled or non-renewed or restrictive modifications added, until at least ten (10) days' prior written notice has been given to each of the Developer’s Designees. Developer shall, at least thirty (30) days prior to the expiration of such policies, furnish City with renewals thereof. In the event the Developer or Developer Parties fail to obtain or maintain any insurance coverage required under the Agreement, City may purchase such coverage and charge the cost thereof to Developer at 125% of the actual costs in order to compensate the City for the administrative time involvedDeveloper.

Developer’s Insurance. Prior to commencing construction on all or any portion of the development site, Developer shall and Developer shall cause its agents, contractors and subcontractors, (the “Developer Parties”) to procure and maintain in full force and effect, at Developer’s sole expense, Builders Risk, Commercial General Liability Insurance, Commercial Automobile Liability Insurance, (including coverage for owned automobiles and for non-owned and hired automobiles), Umbrella or Excess Liability Insurance for the Commercial General Liability Insurance and Commercial Automobile Liability Insurance, Professional Liability as specified herein and any other insurance as may be required from time to time. With the exception of Worker’s Compensation and Professional Liability Insurance, each policy must (i) identify the DDA, ELBRA, and the City and their respective successors and assigns (collectively, “Developer’s Designees”) as additional insureds and (ii) include an endorsement providing that coverage in favor of Developer’s Designees will not be impaired in any way by any act, omission, or default of Developer, its contractors, employees, agents, representatives or any other person. All insurance policies required hereunder shall be written as primary policies, not contributing with or in excess of any coverage maintained by the DDA, ELBRA, or City. Developer shall provide the DDA, ELBRA, and City with a Certificate of Insurance and a copy of the additional insured endorsement at any time upon request. Commercial General Liability Insurance, Commercial Automobile Liability Insurance, Umbrella or Excess Coverage and Worker’s Compensation Insurance shall be written with limits of liability not less than those shown below. Builders Risk policies for each portion of the Project will be for the completed value of the structures, including Building A, Building C, Building D, and the Infrastructure Improvements, either in whole or as component parts of the Project based upon the construction cost. Builders Risk As stated above Commercial General Liability i. Each Occurrence $1,000,000 ii. General Aggregate $2,000,000 iii. Products/Completed Operations (Aggregate) $2,000,000 Personal and Advertising Injury $1,000,000 $2,000,000 $2,000,000 $1,000,000 Commercial Automobile $1,000,000 combined single limit Umbrella $10,000,000 each occurrence Worker’s Compensation Statutory limits Employer’s Liability $1,000,000 Limited Pollution Professional Liability $1,000,000 Professional Liability $1,000,000 Developer shall, and shall cause all Developer Parties to, maintain in effect all insurance coverages required hereunder, at the Developer’s sole expense or such Developer Party’s sole expense. All insurance is to be issued by companies having a "General Policyholders Rating" of at least "A" and a financial rating of not less than Class XII. All insurance policies shall provide that the coverage afforded shall not be canceled or non-renewed or restrictive modifications added, until at least ten (10) days' prior written notice has been given to each of the Developer’s Designees. Developer shall, at least thirty (30) days prior to the expiration of such policies, furnish City with renewals thereof. In the event the Developer or Developer Parties fail to obtain or maintain any insurance coverage required under the Agreement, City may purchase such coverage and charge the cost thereof to Developer at 125150% of the actual costs in order to compensate the City for the administrative time involved.