Page 256 - Urban Construction Project Management

Insurance and Bonds 211
e) CGL coverage written on an occurrence form; Exhibit 10-1
f) Endorsement naming the following entities as additional insured: CM/GC, (Continued)
owner, all subsidiaries, and other parties.
g) Waiver of subrogation.
3) Comprehensive automobile liability (including all owned, leased, hired, and non-
owned automobiles) with a combined single limit for bodily injury and property
damage of at least $2,000,000 per occurrence. The limit may be provided
through a combination of primary and umbrella/excess liability policies.
4) Umbrella and/or excess liability policies used to comply with CGL and/or auto
liability limits shown above shall be warranted to be excess of limits provided
by primary CGL, auto and employers liability.
5) Certificate of insurance indicating the project must be submitted, approved,
and available to CM/GC, prior to commencement of work, and provide for
30-day written notice prior to cancellation, non-renewal, or material modification
in any policy to:
6) A separate certificate as per owners and their building management’s require-
ments note in attachment.
7) All insurance carriers must: (i) be licensed in the state of; and (ii) be rated at
least A in Best’s.
8) Subcontractor shall secure, pay for and maintain property insurance necessary for
protection against loss of owned, borrowed, or rented capital equipment and tools,
including any tools owned by employees and any tools, equipment, stagings,
towers, and forms owned, borrowed, or rented by subcontractor. The requirements
to secure and maintain such insurance is solely for the benefit of subcontractor.
Failure of the subcontractor to secure such insurance or to maintain adequate
levels of coverage shall not obligate CM/GC, owner or their agents and
employees for any losses. If subcontractor secures such insurance, the insurance
policy shall include a waiver of subrogation as follows:
a) “It is agreed that in no event shall this insurance company have any right to
recovery against CM/GC and/or owner.’’
9) Should subcontractor engage a sub-subcontractor, the same conditions appli-
cable to subcontractor under these insurance requirements shall apply to each
sub-subcontractor.
10) Subcontractor shall purchase and maintain an owner’s and contractor’s protec-
tive liability insurance policy in the name of Structure Tone Inc., and Bloomberg
to cover all exposures, including bodily injury and death arising out of and in
the course of this contract. Policy should be written to conform to the ISO CG
0009 form (an occurrence form coverage).
Limits of liability shall not be less than:
Combine and single limit
$2,000,000 each occurrence
$10,000,000 aggregate
11) The owner and the CM/GC are providing a wrap-up insurance policy for the
project. Subcontractors are to provide all required workers’ compensation and
liability for off-site work, trucking, and automobile insurance. Provide a
projected budget deduct for the owner’s and/or CM/GC’s wrap-up insurance
policy.