Chanen Construction Company, Inc.
Construction Subcontract
«subcontract»
«projectno»/«projectname»
«company»
EXHIBIT "E"
INSURANCE COVERAGES
The Subcontractor shall procure and maintain the following insurance coverage:
INSURANCE CERTIFICATE MUST BE EXACTLY AS SPECIFIED BELOW OR IT WILL BE RETURNED FOR CORRECTION.
FORM
OF
COVERAGE
MINIMUM
LIMITS
OF
LIABILITY
Worker's Compensation and Occupational
Disease,
$500,000
each
accident
including
Employer's
Liability.
$500,000
policy
limit
$500,000
each
employee
GENERAL LIABILITY
Subcontractor shall procure and maintain Commercial
General Liability Insurance of not less than:
$2,000,000 aggregate
$2,000,000
Products
Completed
Operations
aggregate
·
If the scope of the "WORK" involves the delivery, protection, or
$1,000,000 each occurrence
containment of water in any manner or form whatsoever, no "mold,"
"fungi," "bacteria" or "water intrusion" or similar exclusion may be
attached to the subcontractor's general liability policy. In the
alternative, "mold," "fungi," "bacteria" coverage may be provided
under a separate policy.
·
If the scope of the "WORK" involves the disturbance of land (the pad)
and could result in landslide, mudflow, earth sinking, shifting, or settling
stemming from the operations of the subcontractor, no subsidence or
similar exclusion may be attached to the subcontractor's general
liability policy. In the alternative, subsidence may be provided
under a separate policy.
·
If the scope of the "WORK" involves the design, manufacture,
construction, fabrication, preparation, installation, application,
maintenance or repair (including remodeling, service, correction
or replacement) of any "exterior insulation finish system (EIFS)
or any part thereof, or substantially similar system, no exclusion
relating to such "EIFS" work may be excluded under the
subcontractor's general liability policy. In the alternative, "EIFS"
coverage may be provided under a separate policy.
AUTOMOBILE LIABILITY
Subcontractor shall procure and maintain Automobile
Liability Insurance for liability arising out of the
ownership, maintenance, or use of owned, hired and non-owned
automobiles.
Combined single limit of not less than:
$1,000,000 each accident
EXCESS (UMBRELLA) LIABILITY
Subcontractor shall procure and maintain Excess (umbrella)
Liability Insurance
If sub-contractor project value is $500,000 or
less,
$3,000,000
per
occurrence
Then combined single limit of not less than:
$3,000,000 aggregate
If sub-contractor project value is $1,000,000 or less,
$5,000,000 per occurrence
then combined single limit of not less than:
$5,000,000 aggregate
If sub-contractor project value exceeds
$10,000,000
per
occurrence
$1,000,000, then the limit shall not be less than:
$10,000,000 aggregate
ERRORS AND OMISSIONS LIABILITY
(Architectural, Engineering and Surveying
Firms)
$5,000,000
All Architect and Engineering policies subject to review
of terms and revision of limits by contractor.
1.
Insurance companies shall have an A.M. Best rating of B++ VIII or better.
2.
Certificates shall reference name of project: (Project Name).
3.
Contractor, Architect and Owner shall be named as additional insureds on Subcontractor's General Liability policy, using Endorsement CG2010
(11/85) or its equivalent. The General Liability policy shall be endorsed by attachment of CG2503 or equivalent that subcontractor coverage is
"primary", and any coverage carried by the Contractor or Owner, Architects and Engineers is "excess" and non-contributory.
4.
Subcontractor's General Liability insurance will be endorsed to provide a "per project" aggregate.
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