1-3.15 Insurance Requirements.pdf

This is an Insurance Requirements document for a contract opportunity sponsored by the RADx Commercialization Center at VentureWell on behalf of the National Institute of Biomedical Imaging and Bioengineering (NIBIB) and the National Institute of Dental and Craniofacial Research (NIDCR) at the National Institutes of Health (NIH). The contract involves providing Content Expert services to support RADx innovation funnel projects focused on advancing next-generation, mercury-free restorative dental systems in Massachusetts. The document outlines comprehensive insurance coverage requirements that must be maintained throughout the contract term.

Contractors are required to maintain Worker's Compensation coverage in accordance with applicable jurisdictional requirements for all work locations, Commercial General Liability of $1,000,000 per occurrence with a $3,000,000 general aggregate limit covering bodily injury, property damage, personal injury, advertising injury, products and completed operations, and contractual liability. Additional required coverage includes Business Automobile Liability at $1,000,000 per occurrence, Excess or Umbrella Liability of $1,000,000 per occurrence and general aggregate in excess of Employers' Liability, Commercial General Liability, and Business Automobile Liability policies, Professional Liability or Errors and Omissions coverage at $1,000,000 per occurrence with $3,000,000 general aggregate, and Cybersecurity insurance at $1,000,000 per occurrence with $1,000,000 general aggregate. These insurance requirements must be satisfied prior to contract execution and maintained for the duration of the engagement.