Common use of Licensed Sureties and Insurers Clause in Contracts

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 Project is located to issue Bonds or insurance policies for the minimum limits and coverages as required on the table below; policy limits and coverages may be increased pursuant to the provisions of the Supplementary Conditions. 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 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 minimum limits and coverages as required on the table below; policy limits and coverages may be increased pursuant to the provisions of the Supplementary Conditions. 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 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 minimum limits and coverages as required on the table below; policy limits and coverages may be increased pursuant to the provisions of the Supplementary Conditions. 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’ Workers Compensation Required Statutory Limits Required Statutory Limits Required Statutory Limits Required Statutory Limits Commercial General Liability $1,000,000 per occurrenceclaim; and $1,000,000 aggregate $1,000,000 per occurrenceclaim; and $1,000,000 aggregate $1,000,000 per occurrenceclaim; and $2,000,000 aggregate $2,000,000 per occurrenceclaim; 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 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 minimum limits and coverages as required on the table below; policy limits and coverages may be increased pursuant to the provisions of the Supplementary Conditions. 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 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 minimum limits and coverages as required on the table below; policy limits and coverages may be increased pursuant to the provisions of the Supplementary Conditions. 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 1,000,000 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 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 minimum limits and coverages as required on the table below; policy limits and coverages may be increased pursuant to the provisions of the Supplementary Conditions. 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 occurrenceclaim; and $1,000,000 aggregate $1,000,000 per occurrenceclaim; and $1,000,000 aggregate $1,000,000 per occurrenceclaim; and $2,000,000 aggregate $2,000,000 per occurrenceclaim; 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 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 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. 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