1-Insurance.pdf

This is an insurance document related to locksmith services for public safety at Hudson Valley Community College (HVCC) in New York. The document outlines insurance requirements that vendors must maintain as a condition of providing locksmith services to the institution. Vendors are required to obtain and maintain comprehensive general liability insurance coverage, property insurance, and workers' compensation insurance as applicable to their operations. The insurance requirements specify minimum coverage limits that protect both the vendor and HVCC against potential losses resulting from locksmith service operations, including emergency lock changes, rekeying, master key system installation, and access control system maintenance. All insurance policies must name HVCC as an additional insured and remain in effect throughout the entire contract period, with proof of current coverage required prior to contract execution and maintained continuously during service delivery.

The document establishes that vendors must provide certificates of insurance demonstrating compliance with all coverage requirements before commencing work. Insurance policies must be issued by carriers rated A- VII or better by A.M. Best and cannot be canceled or materially altered without thirty days' written notice to HVCC. These requirements ensure that vendors maintain adequate financial protection and risk management capabilities while performing locksmith services on the college campus. The specific coverage amounts and policy terms are detailed within the insurance requirements section to protect institutional assets and ensure vendor accountability throughout the contract term.