1-Insurance.pdf

This is an insurance requirements document for Hudson Valley Community College (HVCC) in New York related to overhead door maintenance, repair, and/or installation contracting services. The document outlines mandatory insurance coverage that all bidders and contractors must maintain throughout the contract term. HVCC requires comprehensive general liability insurance with minimum limits of $1,000,000 per occurrence and $2,000,000 aggregate, along with workers' compensation insurance as mandated by New York State law. Contractors must also maintain property damage insurance and equipment coverage appropriate to the scope of work. All insurance policies must name HVCC as an additional insured and remain in effect for the entire duration of the contract, including any renewal periods.

The insurance requirements stipulate that all policies must be issued by insurance carriers authorized to do business in New York and rated A- or better by A.M. Best. Contractors are required to provide certificates of insurance prior to commencing work and must maintain continuous coverage without lapse. The document specifies that HVCC reserves the right to review and approve insurance coverage details and may require additional or increased coverage based on the nature of the work performed. Failure to maintain required insurance coverage constitutes grounds for contract termination and may result in disqualification from future bidding opportunities with HVCC.