Insurance to Protect Project. 9.4.1 The Construction Manager will purchase and maintain property insurance in a form acceptable to the Owner upon the entire Project for the full cost of replacement as of the time of any loss. This insurance will include as named insureds, the Owner and the Construction Manager, Trade Contractors and their Trade Subcontractors and will insure against loss from the perils of Fire, Extended Coverage, and will include "All Risk" insurance for physical loss or damage including, without duplication of coverage, at least theft, vandalism, malicious mischief, transit, collapse, flood, and earthquake. The Construction Manager will increase limits of coverage, if necessary, to reflect estimated replacement cost. The Construction Manager will be responsible for any coinsurance penalties or deductibles.
Insurance to Protect Project. 10.5.1 The Owner Contractor shall obtain and maintain property insurance in a form acceptable to the Contractor Owner upon the entire Project for the full cost of replacement at the time of any loss. This insurance shall include as named insureds the Owner, Contract, Architect/Engineer, Subcontractors and Subsubcontractors. This insurance shall insure against loss from the perils of fire and extended coverage, and shall include “all risk” insurance for physical loss or damage including without duplication of coverage, at least: theft, vandalism, malicious mischief, transit, collapse, falsework, temporary buildings, debris removal, flood, earthquake, resting, and damage resulting from defective design, workmanship or material. The Owner Contractor shall increase limits of coverage, to reflect estimated replacement cost. The Owner Contractor shall be responsible for any co-insurance penalties or deductibles. This insurance shall include testing with a limit of $10,000,000. If the Owner wishes testing limits higher than $10,000,000 or other special coverages Contractor will attempt to include them in the Builders Risk policy. The cost of this insurance shall be billed to Owner outside of the contract price at Contractor’s actual price.
Insurance to Protect Project. 12.4.1 The Tenant shall purchase and maintain property insurance in a form acceptable to the Construction Manager upon the entire Project for the full cost of replacement as of the time of any loss. This insurance shall include as named insured the Tenant, Landlord, the Construction Manager, Trade Contractors and their Trade Subcontractors and shall insure against loss from the perils of Fire, Extended Coverage, and shall include "All Risk" insurance for physical loss or damage including, without duplication of coverage, at least theft, vandalism, malicious mischief, transit, collapse, flood, and earthquake. The Tenant will increase limits of coverage, if necessary, to reflect estimated replacement cost. The Tenant will be responsible for any co-insurance penalties or deductibles (provided, however, that Construction Manager shall pay the amount of the one thousand dollar ($1,000) deductible to the extent that the applicable loss or claim arises from any negligence of Construction Manager or any Trade Contractor). If the Project covers an addition to or is adjacent to an existing building, the Construction Manager, Trade Contractors and their Trade Subcontractors shall be named as additional insurers under the Tenant's Property Insurance covering such building and its contents.
Insurance to Protect Project. 8.4.1 Customer shall purchase and maintain all risk full cost replacement property insurance in a form acceptable to Honeywell for the length of time to complete the Project. This insurance shall include as named additional insureds Honeywell and Honeywell’s Subcontractors and Sub-subcontractors and shall include, at a minimum, coverage for fire, windstorm, flood, earthquake, theft, vandalism, malicious mischief, transit, collapse, testing, offsite storage, and damage resulting from defective design, workmanship, or material. Customer will increase limits of coverage, if necessary, to reflect estimated replacement costs. Customer will be responsible for any co-insurance penalties or deductibles. If the Work covers an addition to or is adjacent to an existing building, Honeywell and its Subcontractors and Sub-subcontractors shall be named additional insureds under Customer’s Property Insurance covering such building and its contents.
Insurance to Protect Project. 8.1.1 The Owner shall obtain and maintain All Risk Builders Risk insurance upon the entirety of each Project for the full cost of replacement of that Project and the Equipment at the time of any loss naming as insureds the Owner and Clearspan (the “Builder’s Risk Policy”). The Builder’s Risk Policy shall include all risk insurance for physical loss or damage including without duplication of coverage for at least theft, vandalism, malicious mischief, transit, materials stored off site, collapse, falsework, temporary buildings, debris removal, flood, earthquake, testing, and damage resulting from defective design, workmanship or material. The Owner shall increase the limits of coverage of the Builder’s Risk Policy when requested by Clearspan to reflect any changes in the Work for a Project or the estimated replacement cost of the Equipment being installed at that Project. The Builder’s Risk Policy shall be written without a co-insurance clause. The Owner shall be solely responsible for any deductible amounts associated with the Builder’s Risk Policy.
Insurance to Protect Project. 11.4.1 The Owner shall purchase and maintain property insurance in a form and an amount acceptable to the Contractor upon the entire Project for the full cost of replacement at the time of any loss. This insurance shall include as named insureds the Owner, the Contractor, Subcontractors and Subsubcontractors and shall insure against loss from the perils of Fire, Extended Coverage, and shall include “All Risk” insurance for physical loss or damage including, without duplication of coverage, at least theft, vandalism, malicious mischief, transit, collapse, explosion, testing, and damage resulting from defective design, workmanship or material. All risk insurance shall include coverage during start-up and commissioning of the project. The Owner will increase limits of coverage, if necessary, to reflect the estimated replacement cost. The Owner will be responsible for any co-insurance penalties or deductibles. If the Project covers an addition to or is adjacent to an existing building, the Contractor, Subcontractors and Subsubcontractors shall be named as additional insureds under the Owner’s Property Insurance covering such building and its contents.
Insurance to Protect Project. 8.4.1 CUSTOMER shall purchase and maintain all risk full cost replacement property insurance in a form acceptable to CTS for the length of time to complete the Project. This insurance shall include as named additional insureds CTS and CTS’s Subcontractors and Sub-subcontractors and shall include, at a minimum, coverage for fire, windstorm, flood, earthquake, theft, vandalism, malicious mischief, transit, collapse, and testing. CUSTOMER will increase limits of coverage, if necessary, to reflect estimated replacement costs. CUSTOMER will be responsible for any co-insurance penalties or deductibles. If the Work covers an addition to or is adjacent to an existing building, CTS and its Subcontractors and Sub-subcontractors shall be named additional insureds under CUSTOMER’s Property Insurance covering such building and its contents.
Insurance to Protect Project. 10.5.1 The Owner shall obtain and maintain “All Risk” Builder’s Risk Insurance in a form acceptable to the Design-Builder upon the entire Project for the full cost of replacement at the time of any loss. This insurance shall include as named insureds the Owner, Design-Builder, Architect/Engineer, Subcontractors and Sub-subcontractors. This insurance shall include all risk insurance for physical loss or damage including without duplication of coverage, at least: theft, vandalism, malicious mischief, transit, materials stored off site, collapse, falsework, temporary buildings, debris removal, flood, earthquake, testing, and damage resulting from defective design, workmanship or material. The Owner shall Increase limits of coverage, if necessary, to reflect estimated replacement cost. The insurance policy shall be written without a coinsurance clause. The Owner shall be solely responsible for any deductible amounts.
Insurance to Protect Project. 11.5.1 The Design-Builder shall at its expense procure All Risk" Builder's Risk and Machinery Breakdown Insurance. Such "All Risk" Builder's Risk Insurance shall be in a form acceptable to the Owner upon the Project for the cost of replacement at the time of any stated loss. This insurance shall include the Owner and the Design Builder as a Named Insured and the Financing Parties (to the extent applicable), the Engineer, Subcontractors, Material Suppliers, and Sub-subcontractors as Additional Insureds. This insurance be written on a replacement cost value basis and shall include "all risk" insurance for physical loss or damage including without duplication of coverage at least: theft, vandalism, malicious mischief, transit, materials stored off site, collapse, false-work, temporary buildings, debris removal, flood, earthquake, workmanship or material. If also requested by the Owner, the Design-Builder shall obtain a Builder's Risk delay in start-up and testing policy that covers plant operations for a stated period of time. The Design-Builder may increase limits of coverage, if necessary, to reflect estimated replacement cost at the discretion of the Design-Builder. The insurance policy shall be written without a co-insurance clause. The Design-Builder and Owner shall share the responsibility for any deductible amounts at a 50/50 rate.
Insurance to Protect Project. 10.5.1 The Owner shall obtain and maintain property insurance in a form acceptable to the Contractor upon the entire Project for the full cost of replacement at the time of any loss. This insurance shall include as named insureds the Owner, Contractor, Architect/Engineer, Subcontractors and Subsubcontractors. This insurance shall insure against loss from the perils of fire and extended coverage, and shall include “all risk” insurance for physical loss or damage including without duplication of coverage, at least theft, vandalism, malicious mischief, transit, collapse, falsework, temporary buildings, debris removal, flood, earthquake, testing and resultant damage caused by design, workmanship or materials. The Owner shall increase limits of coverage, if necessary, to reflect estimated replacement cost. The Owner shall be responsible for any co-insurance penalties or deductibles. This insurance shall include coverage for testing and start up.
