1-Insurance.pdf

This is an insurance document related to Hudson Valley Community College's (HVCC) procurement of aviation system training boards for the College's Aeronautical Technical Institute in New York. The document outlines insurance requirements and coverage specifications that vendors must maintain throughout the contract period. The insurance requirements include general liability coverage with minimum limits of $1,000,000 per occurrence and $2,000,000 aggregate, as well as product liability insurance with similar coverage limits. Vendors are required to provide certificates of insurance naming HVCC as an additional insured prior to commencing work or delivery of equipment. The insurance specifications detail coverage for bodily injury, property damage, and products/completed operations liability.

The document specifies that all insurance policies must be issued by insurers rated A- VII or better in the A.M. Best's Insurance Guide and authorized to do business in New York State. Vendors must ensure continuous coverage throughout the contract term and any renewal periods, with no gaps in insurance protection. The document establishes that HVCC reserves the right to require additional coverage or higher limits if deemed necessary based on the nature and scope of the training boards being procured. All insurance documentation must be submitted and approved before any contract performance begins, and vendors are responsible for ensuring compliance with these insurance requirements as a condition of contract award.