Licensed Sureties and Insurers. A. All Bonds and insurance required by the Contract Documents to be purchased and maintained by OWNER or CONTRACTOR shall be obtained from surety or insurance companies that are duly licensed or authorized in the jurisdiction in which the Project is located to issue Bonds or insurance policies for the limits and coverages so required. Such surety and insurance companies shall also meet such additional requirements and qualifications as may be provided in the Supplementary Conditions.
Licensed Sureties and Insurers. All Bonds and insurance required by the Contract Documents to be purchased and maintained by Owner or Contractor shall be obtained from surety or insurance companies that are duly licensed or authorized in the jurisdiction in which the Demolition Project is located to issue Bonds or insurance policies for the limits and coverages as required on the table below. Such surety and insurance companies shall also meet such additional requirements and qualifications as may be provided herein. Insurance Required Level of Coverage – Determined by Contract Amount Contract Amount $0 - $100,000 $100,000 to $250,000 $250,000 to $500,000 $500,000 plus Workers’ Compensation Required Statutory Limits Required Statutory Limits Required Statutory Limits Required Statutory Limits Commercial General Liability $1,000,000 per occurrence; and $1,000,000 aggregate $1,000,000 per occurrence; and $1,000,000 aggregate $1,000,000 per occurrence; and $2,000,000 aggregate $2,000,000 per occurrence; and $2,000,000 aggregate Excess Liability $2,000,000 $2,000,000 $2,000,000 $5,000,000 Property (Builder’s Risk) Insurance Amount of the full replacement or repair cost of structures located thereon not subject to demolition and clearance and cost of proper disposal and removal of debris with a deductible amount no greater than $5,000. Amount of the full replacement or repair cost of structures located thereon not subject to demolition and clearance and cost of proper disposal and removal of debris with a deductible amount no greater than $5,000. Amount of the full replacement or repair cost of structures located thereon not subject to demolition and clearance and cost of proper disposal and removal of debris with a deductible amount no greater than $5,000. Amount of the full replacement or repair cost of structures located thereon not subject to demolition and clearance and cost of proper disposal and removal of debris with a deductible amount no greater than $5,000. Automobile Liability $1,000,000 per occurrence $1,000,000 per occurrence $1,000,000 per occurrence $1,000,000 per occurrence
Licensed Sureties and Insurers. All bonds and insurance required by the Contract Documents to be purchased and maintained by Contractor shall be obtained from surety or insurance companies that are duly licensed or authorized in the State of Texas to issue bonds or insurance policies for the limits and coverages so required. Such surety and insurance companies shall also meet such additional requirements and qualifications as may be provided in the Supplementary Conditions.
Licensed Sureties and Insurers. A. All Bonds and insurance required by the Contract Documents to be purchased and maintained by CONTRACTOR shall be obtained from surety or insurance companies that are duly licensed or authorized in the State of New York to issue Bonds or insurance policies for the limits and coverages so required. Such surety and insurance companies shall also meet such additional requirements and qualifications as may be provided in the Supplementary Conditions.
Licensed Sureties and Insurers. All bonds and insurance required by the Construction Documents to be purchased and maintained by LIT shall be obtained from surety or insurance companies that are duly licensed or authorize d in the State of Texas to issue bonds or insurance policies for the limits and coverages so required. Such surety and insurance companies shall also meet such additional requirements and qualifications as may be provided in the Supplementary Conditions.
Licensed Sureties and Insurers. A. All Bonds and insurance required by the Contract Documents to be purchased and maintained by DB Entity shall be obtained from surety or insurance companies that are duly licensed or authorized to conduct business in the state of California. In addition, such sureties and insurance companies shall have an A.M. Best company rating of no less than A-:VII.
Licensed Sureties and Insurers. All Bonds and insurance required by the Contract Documents to be purchased and maintained by Contractor must be obtained from surety or insurance companies that are duly licensed or authorized to conduct business in the state of Florida. In addition, such sureties and insurance companies shall have an A.M. Best company rating of “A -” or better.
