1-Insurance.pdf

This is an insurance requirements document for Hudson Valley Community College (HVCC) related to a bid solicitation for automotive supplies. The document outlines mandatory insurance coverage that bidders and contractors must maintain throughout the contract term. HVCC requires all vendors to carry comprehensive general liability insurance with minimum coverage limits, as well as automobile liability insurance for any vehicles used in contract performance. The insurance requirements specify that HVCC and the State of New York must be named as additional insureds on all liability policies, and certificates of insurance must be provided prior to contract execution and maintained for the duration of the agreement.

The document details specific insurance provisions including requirements for workers' compensation coverage where applicable, minimum coverage amounts for bodily injury and property damage, and waiver of subrogation clauses favoring HVCC. All insurance policies must be issued by carriers authorized to do business in New York State and rated A-:VII or better by A.M. Best. The document further stipulates that insurance requirements are minimum standards and do not limit the vendor's indemnification obligations or liability under the contract terms. Failure to maintain required insurance coverage may result in contract termination or suspension of payments to the vendor.