Common use of INSURANCE - BASIC COVERAGES REQUIRED Clause in Contracts

INSURANCE - BASIC COVERAGES REQUIRED. The CONTRACTOR shall procure and maintain the following described insurance on policies and with insurers acceptable to OWNER. Current Insurance Service Office (ISO) policies, forms, and endorsements or equivalents, or broader, shall be used where applicable. These insurance requirements shall not limit the liability of the CONTRACTOR. The insurance coverages and limits required of CONTRACTOR under this Agreement are designed to meet the minimum requirements of OWNER and the OWNER does not represent these types or amounts of insurance to be sufficient or adequate to protect the CONTRACTOR'S interests or liabilities. CONTRACTOR alone shall be responsible to the sufficiency of its own insurance program. The CONTRACTOR and the CONTRACTOR’S subcontractors and sub- subcontractors shall be solely responsible for all of their property, including but not limited to any materials, temporary facilities, equipment and vehicles, and for obtaining adequate and appropriate insurance covering any damage or loss to such property. The CONTRACTOR and the CONTRACTOR’S sub-contractors and sub-subcontractors expressly waive any claim against OWNER arising out of or relating to any damage or loss of such property, even if such damage or loss is due to the fault or neglect of the OWNER or anyone for whom the OWNER is responsible. The CONTRACTOR is obligated to include, or cause to be included, provisions similar to this paragraph in all of the CONTRACTOR’S subcontracts and its subcontractors’ contracts with their sub-subcontractors. The CONTRACTOR'S deductibles/self-insured retentions shall be disclosed to OWNER and are subject to OWNER’S approval. They may be reduced or eliminated at the option of OWNER. The CONTRACTOR is responsible for the amount of any deductible or self-insured retention. Any deductible or retention applicable to any claim or loss shall be the responsibility of CONTRACTOR and shall not be greater than $25,000, unless otherwise agreed to, in writing, by OWNER. Insurance required of the CONTRACTOR or any other insurance of the CONTRACTOR shall be considered primary, and insurance of OWNER shall be considered excess, as may be applicable to claims or losses which arise out of the Hold Harmless, Payment on Behalf of OWNER, Insurance, Certificates of Insurance and any Additional Insurance provisions of this agreement, contract or lease.

Appears in 1 contract

Samples: Section 00050 Agreement

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INSURANCE - BASIC COVERAGES REQUIRED. The CONTRACTOR shall procure and maintain the following described insurance on policies and with insurers acceptable to OWNER. Current Insurance Service Office (ISO) policies, forms, and endorsements or equivalents, or broader, shall be used where applicable. These insurance requirements shall not limit the liability of the CONTRACTOR. The insurance coverages and limits required of CONTRACTOR under this Agreement are designed to meet the minimum requirements of OWNER and the OWNER does not represent these types or amounts of insurance to be sufficient or adequate to protect the CONTRACTOR'S interests or liabilities. CONTRACTOR alone shall be responsible to the sufficiency of its own insurance program. The CONTRACTOR and the CONTRACTOR’S subcontractors and sub- subcontractors shall be solely responsible for all of their property, including but not limited to any materials, temporary facilities, equipment and vehicles, and for obtaining adequate and appropriate insurance covering any damage or loss to such property. The CONTRACTOR and the CONTRACTOR’S sub-contractors and sub-subcontractors expressly waive any claim against OWNER arising out of or relating to any damage or loss of such property, even if such damage or loss is due to the fault or neglect of the OWNER or anyone for whom the OWNER is responsible. The CONTRACTOR is obligated to include, or cause to be included, provisions similar to this paragraph in all of the CONTRACTOR’S subcontracts and its subcontractors’ contracts with their sub-subcontractors. The CONTRACTOR'S deductibles/self-insured retentions shall be disclosed to OWNER and are subject to OWNER’S approval. They may be reduced or eliminated at the option of OWNER. The CONTRACTOR is responsible for the amount of any deductible or self-self- insured retention. Any deductible or retention applicable to any claim or loss shall be the responsibility of CONTRACTOR and shall not be greater than $25,000, unless otherwise agreed to, in writing, by OWNER. Insurance required of the CONTRACTOR CONTRACTOR, or any other insurance of the CONTRACTOR shall be considered primary, and insurance of OWNER shall be considered excess, as may be applicable to claims or losses which arise out of the Hold Harmless, Payment on Behalf of OWNER, Insurance, Certificates of Insurance and any Additional Insurance provisions of this agreement, contract or lease.

Appears in 1 contract

Samples: Section 00050 Agreement

INSURANCE - BASIC COVERAGES REQUIRED. The CONTRACTOR shall at its expense procure and maintain in force during the following described Term the insurance on policies and with insurers acceptable to OWNER. Current the City as required by the City’s Insurance Service Office (ISO) policies, forms, and endorsements or equivalents, or broader, shall be used where applicable. Requirements attached hereto as Exhibit “A.” These insurance requirements shall not limit the liability of the CONTRACTOR. The insurance coverages and limits required of CONTRACTOR under this Agreement are designed to meet the minimum requirements of OWNER and the OWNER does not represent these types or amounts of insurance to be sufficient or adequate to protect the CONTRACTOR'S interests or liabilities. CONTRACTOR alone shall be responsible to the sufficiency of its own insurance program. Within thirty (30) days of the date of the Award, and thereafter upon the written request of the City, Bidder shall furnish to the City such certificates of coverage and certified copies of policies pursuant to the City’s Insurance Requirements. In order to satisfy this provision, the documentation required by this part must be sent to the following address: Attn: Xxxx Xxxxxxx, Risk Manager, 00000 Xxxxxx Xxxx Xxxxx Xxxxxxx, Xxxxxx Xxxx Xxxxx, XX 00000. The CONTRACTOR and the CONTRACTOR’S subcontractors and sub- sub-subcontractors shall be solely responsible for all of their property, including but not limited to any materials, temporary facilities, equipment and vehicles, and for obtaining adequate and appropriate insurance covering any damage or loss to such property. The CONTRACTOR and the CONTRACTOR’S sub-contractors and sub-sub- subcontractors expressly waive any claim against OWNER arising out of or relating to any damage or loss of such property, even if such damage or loss is due to the fault or neglect of the OWNER or anyone for whom the OWNER is responsible. The CONTRACTOR is obligated to include, or cause to be included, provisions similar to this paragraph in all of the CONTRACTOR’S subcontracts and its subcontractors’ contracts with their sub-subcontractors. The CONTRACTOR'S deductibles/self-insured retentions retention's shall be disclosed to OWNER and are subject to OWNER’S approval. They may be reduced or eliminated at the option of OWNER. The CONTRACTOR is responsible for the amount of any deductible or self-insured retention. Any deductible or retention applicable to any claim or loss shall be the responsibility of CONTRACTOR and shall not be greater than $25,000, unless otherwise agreed to, in writing, by OWNER. Insurance required of the CONTRACTOR or any other insurance of the CONTRACTOR shall be considered primary, and insurance of OWNER shall be considered excess, as may be applicable to claims or losses which arise out of the Hold Harmless, Payment on Behalf of OWNER, Insurance, Certificates of Insurance and any Additional Insurance provisions of this agreement, contract or lease.

Appears in 1 contract

Samples: Section 00050 Agreement

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INSURANCE - BASIC COVERAGES REQUIRED. The CONTRACTOR Contractor shall procure and maintain the following described insurance on insurance, except for coverages specifically waived by the County. Such policies shall be from insurers with a minimum financial size of VII according to the latest edition of the AM Best Rating Guide. An A or better Best Rating is "preferred"; however, other ratings if "Secure Best Ratings" may be considered. Such policies shall provide coverages for any or all claims which may arise out of, or result from, the services, work and with insurers acceptable operations carried out pursuant to OWNERand under the requirements of the Contract Documents, whether such services, work and operations be by the Contractor, its employees, or by subcontractor(s), or anyone employed by or under the supervision of any of them, or for whose acts any of them may be legally liable. Current Insurance Service Office (ISO) policies, formsThe Contractor shall require, and endorsements or equivalentsshall be responsible for assuring throughout the time the Agreement is in effect, that any and all of its subcontractors obtain and maintain until the completion of that subcontractor’s work, such of the insurance coverages described herein as are required by law to be provided on behalf of their employees and others. The required insurance shall be obtained and written for not less than the limits of liability specified hereinafter, or broaderas required by law, shall be used where applicablewhichever is greater. These insurance requirements shall not limit the liability of the CONTRACTORContractor. The insurance coverages and limits required of CONTRACTOR under this Agreement are designed to meet the minimum requirements of OWNER and the OWNER County does not represent these types or amounts of insurance to be sufficient or adequate to protect the CONTRACTOR'S Contractor’s interests or liabilities, but are merely minimums. CONTRACTOR alone Except for workers compensation and professional liability, the Contractor’s insurance policies shall be responsible endorsed to name Escambia County as an additional insured to the sufficiency extent of its own insurance programinterests arising from this agreement, contract or lease. The CONTRACTOR and Contractor waives its right of recovery against the CONTRACTOR’S subcontractors and sub- subcontractors shall be solely responsible for all of their propertyCounty, including but not limited to any materials, temporary facilities, equipment and vehicles, and for obtaining adequate and appropriate the extent permitted by its insurance covering any damage or loss to such propertypolicies. The CONTRACTOR and the CONTRACTOR’S sub-contractors and sub-subcontractors expressly waive any claim against OWNER arising out of or relating to any damage or loss of such property, even if such damage or loss is due to the fault or neglect of the OWNER or anyone for whom the OWNER is responsible. The CONTRACTOR is obligated to include, or cause to be included, provisions similar to this paragraph in all of the CONTRACTOR’S subcontracts and its subcontractors’ contracts with their sub-subcontractors. The CONTRACTOR'S Contractor’s deductibles/self-insured retentions shall be disclosed to OWNER the County and are subject to OWNER’S approvalmay be disapproved by the County. They may shall be reduced or eliminated at the option of OWNERthe County. The CONTRACTOR Contractor is responsible for the amount of any deductible or self-self- insured retention. Any deductible or retention applicable to any claim or loss shall be the responsibility of CONTRACTOR and shall not be greater than $25,000, unless otherwise agreed to, in writing, by OWNER. Insurance required of the CONTRACTOR Contractor or any other insurance of the CONTRACTOR Contractor shall be considered primary, and insurance of OWNER the County, if any, shall be considered excess, as may be applicable to claims or losses obligations which arise out of the Hold Harmless, Payment on Behalf of OWNER, Insurance, Certificates of Insurance and any Additional Insurance provisions of this agreement, contract or lease.

Appears in 1 contract

Samples: Standard Construction Contract Documents

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