JASKO DEVELOPMENT, LLC - CONTRACTOR INSURANCE REQUIREMENTS
The following insurance with the limits stated will be provided by all Contractors doing work on the premises:
1. Commercial General Liability insurance for this project providing $1,000,000 combined single limit covering both bodily injury and property damage, with a $2,000,000 general aggregate and $2,000,000 products/completed operations aggregate Contractor to provide evidence that the aggregate limit applies solely and fully for this project. Coverage also includes:
(a) Premises/Operations Liability
(b) Personal and Advertising Injury Liability
(c) Blanket Contractual Liability
(d) Independent Contractors
(e) Broad Form Property Damage including all XCU hazards.
(f) Product Liability and Completed Operations – Completed Operations coverage to be maintained for a period of three years after completion of the project
(g) Pollution coverage for losses arising out of a hostile fire
(h) Blanket Waiver of Subrogation
2. Commercial Automobile Liability: Including all owned, non-owned and hired vehicles with a $1,000,000 combined single limit for Bodily Injury and Property Damage. Auto policy form to include coverage for any vehicle used in connection with contractors/subcontractors work whether owned or leased by contractor/subcontractors, personally or by contractors/subcontractors business entity.
3. Workers’ Compensation and Employers Liability:
(a) Workers Compensation & Employers Liability - $1,000,000 each accident/$1,000,000 each employee/$1,000,000 policy limit
4. Umbrella / Excess Liability:
A minimum limit of $5,000,000 is required. Coverage to apply excess of commercial general liability, automobile liability and employers’ liability
5. All insurance policies shall be obtained by the Contractor and shall be agreed upon by GC/Owner prior to the commencement of the work. Certificates of Insurance will be submitted or be available to the
GC/Owner prior to commencement of the work.
6. Additional Insureds to be evidenced as Additional Insured on a Primary and Non-contributory basis on Comprehensive General Liability and Excess Liability policies. GC/ Owner to receive 30 days notice of cancellation or non-renewal of coverage and / or changes in limits of coverage, and the words “endeavor to” shall be deleted from the cancellation provision on all certificates of insurance.
7. Commercial General Liability, Automobile Liability and Umbrella Liability policies shall be written and primary, and not contributory or in excess of any insurance coverage carried by GC/Owner.
8. Contractor agrees not to subcontract any part of the work called for by this contract or permit the further subcontracting of any part thereof, without prior notice to GC/Owner and only with the written consent of the GC/Owner. If GC/Owner consents to such subcontracting or further subcontracting, then every such contract or subcontract shall contain complete provisions identical to paragraphs included herein for the benefit, protection and indemnification of the GC/Owner & Managing Agent. GC/Owner shall be furnished immediately after the execution of each such contract with certification of the subcontractor issuing the contract that such clauses are contained in the contract.
9. Contractor agrees to cooperate fully with the insurance company or companies in carrying out the provisions and conditions of all policies applicable to work to be done, as well as all rules and recommendations of such company or companies in regard to accident prevention, reports and audits. Contractor further agrees that notice of every accident will be reported immediately to GC/Owner and also to such insurance company or companies.
10. All insurance companies providing the insurance protection set forth above shall maintain a “Bests” rating of “A X” or better and be authorized to do business in the State.
11. All Liability, Property and Workers Compensation policies shall contain a provision allowing insured to waive subrogation rights against other parties prior to loss. To the fullest extent permitted by law, the Contractor shall indemnify and hold harmless the GC, Owner, Owner’s real estate manager, Owner’s officers, directors, employees, and agents and employees of any of them from and against claims, damages, losses and expenses, including but not limited to attorney’s fees, arising out of or resulting from the performance of work, provided that such claim, damage, loss or expense is attributable to bodily injury, sickness, disease or death, or to injury to or destruction of tangible property (other than the work itself) including loss of use resulting therefrom, but only to the extent caused in whole or in part by the Contractor, a Subcontractor, anyone directly or indirectly employed by them or anyone for whose acts they may be liable, regardless of whether or not such claim, damage, loss or expense is caused in part by a party indemnified hereunder It being the specific intention of the parties hereto that the Contractor shall be responsible to and be bound to indemnify GC & Owner. Such obligation shall not be construed to negate, abridge, or reduce other rights or obligations of indemnity which would otherwise exist as to a part or person described in this paragraph.
12. The Owner shall provide property insurance to cover the value of the Owner’s property, including any Work provided under this Agreement. The Contractor is entitled to receive an increase in the Contract Sum equal to the insurance proceeds related to a loss for damage to the Work covered by the Owner’s property insurance.
13. Each party shall provide certificates of insurance showing their respective coverages prior to commencement of the Work.
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