1-Insurance.pdf

This is an insurance document related to HVCC's A/V Upgrades project for the Educational Opportunity Center location in Troy, New York. The document outlines insurance requirements and coverage specifications that bidders must maintain throughout the contract period. Bidders are required to obtain and maintain comprehensive general liability insurance, property insurance, and other coverage types as specified in the insurance requirements section. The insurance policies must remain in force for the duration of the contract term and any renewal periods. Certificate of Insurance must be provided prior to commencing work, demonstrating that all required coverage limits and policy conditions have been met and that HVCC is named as an additional insured on applicable policies.

The insurance requirements establish minimum coverage limits for bodily injury, property damage, and other risk categories that contractors must satisfy. All insurance policies must be issued by carriers authorized to do business in New York and maintain ratings acceptable to HVCC. The contractor bears full responsibility for maintaining continuous coverage and providing updated certificates if policies are renewed or replaced during the contract performance period. Failure to maintain required insurance or provide proof of coverage constitutes grounds for contract termination and may result in liability for damages or losses that occur during periods of lapsed coverage.