00 73 16 Insurance Requirements.pdf
PDF 120 KB Posted
- Attached to
- Vaults 60, 87 & ET Structural Repair and Grating Replacement State and local contract opportunity
- Solicitation number
- 3930
- Issued by
- Knox County, Tennessee
About this file
This document is an Insurance Requirements specification for a Vaults 60, 87 & ET Structural Repair and Grating Replacement project by KUB (Knoxville Utilities Board), dated 05/01/23. The document outlines comprehensive insurance requirements for contractors performing work, specifying mandatory insurance coverage types and limits, including Worker's Compensation, Commercial General Liability, and Commercial Automobile Liability.
The insurance requirements mandate $1,000,000 per occurrence for bodily injury and property damage, with specific provisions for coverage including contractual liability, property damage, explosions, collapses, and underground damage. The contractor must obtain insurance from a Tennessee-approved company with a Best's rating of at least A-vii, written on an occurrence basis. The Owner (KUB) must be named as an additional insured, and all policies must provide 30 days notice before cancellation, with waivers of subrogation rights. The insurance is required to cover all property at the construction site, in transit, and temporary storage, with policy limits no less than the completed project value.
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Text version
Vaults 60, 87 & ET Structural Repair and Grating Replacement
3930 INSURANCE REQUIREMENTS
REVISED 05/01/23 00 73 16 - 1
DOCUMENT 00 73 16
INSURANCE REQUIREMENTS
A. Before commencing the Work, the Contractor shall procure and maintain at Contractor’s own expense during the entire term of the Contract the following insurance:
1. Worker’s Compensation and Employer’s Liability for every worker employed in connection with the Work under the Contract and provided for in each and every statute applicable to Worker’s Compensation. The Employer’s Liability limit shall be as required by the Contractor’s excess liability insurance carrier for the maintenance of coverage.
2. Comprehensive or Commercial General Liability including insurance covering work under the Contract with total coverage limits as follows:
The limits provided for Bodily Injury, Property Damage, Personal Injury arising out of Premises & Operations or Products & Completed Operations shall be $1,000,000 per occurrence. Any aggregate limits will apply separately to this Work and be unimpaired at commencement of the Work. The following coverage shall also be provided:
(a) Standard contractual liability to cover the liability assumed by the Contractor under this contract.
(b) Broad Form Property Damage or equivalent including completed operations.
(c) Explosions, collapses and underground damage coverage.
(d) Watercraft Liability if the use of watercraft is contemplated in the performance of the
Work under the Contract.
3. Commercial and Business Automobile Liability for all owned, non-owned, rented, borrowed or hired automobiles or mobile equipment to be used by the Contractor in the performance of the Work with total coverage limits of $1,000,000 Combined Single Limit to respond to bodily injury and/or property damage.
4. Railroad Protective Liability insurance, RPL: Not Required
5. Pollution Liability Insurance: Not Required
6. If crane(s) are to be used the Contractor must have proof of Contractor Installation Floater.
Vaults 60, 87 & ET Structural Repair and Grating Replacement
INSURANCE REQUIREMENTS 3930
00 73 16 - 2 REVISED -5/01/23
7. Special policy limits and coverage (if any) shall apply by attaching Schedule (A), “Schedule of Additional Insurance Requirements.
B. Insurance is to cover all property of Contractor, any sub-contractors, and Owner at the construction site and while in transit or in temporary storage. All such parties shall be listed as insureds as their interest shall appear. The policy limit shall be no less than the completed value of the project. Any exclusion of underground damage to pipes, collapse of structure, or damage resulting from explosion or blasting shall be deleted. This insurance shall provide that any loss shall be payable to Contractor, Owner and others as their interests may appear. This insurance shall include the interests of mortgagees or other loss payees, if any. The insurer shall waive all rights of subrogation against Owner.
C. The Owner shall be named as an Additional insured as respects to Commercial General Liability, including products and completed operations, Business Automobile Liability and Umbrella Liability and all insurance policies required hereunder with the exception of Worker’s Compensation. All policies shall be endorsed to waive subrogation against Owner. Limits of Liability contained in the Commercial General Liability, Business Automobile and Umbrella policies will be endorsed to apply on a primary and noncontributory basis. At all times the Contractor shall provide to the Owner insurance certificates showing that all insurance policies required hereunder are in full force and effect. All insurance policies and certificates shall provide that no less than 30 days notice shall be given to Owner before such policy can be cancelled or materially changed. Any “endeavor to” language will be deleted from the required insurance certificates.
D. All insurance policies herein required of the Contractor shall be written by a company approved and authorized to do business in the State of Tennessee and shall be subject to a Bests’ rating of not less than A-vii, unless otherwise approved by the Owner in writing. All policies of insurance referred to herein shall be written on an occurrence basis unless otherwise agreed by Owner in writing.
END OF DOCUMENT
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