3-Attachment 3 Insurance Requirements.docx

DOCX document 25 KB Posted

Attached to
Vehicle Movement Area Transponders
Solicitation number
Solicitation188
Issued by
Minnesota

About this file

This is an Insurance Requirements document for a Vehicle Movement Area Transponders (VMAT) Equipment contract issued by the Metropolitan Airports Commission (MAC) in Minnesota. The contract involves the purchase of VMAT equipment with questions due by July 31, 2026, at 2:00 p.m. Minnesota Time.

The consultant is required to maintain comprehensive insurance coverage throughout the contract term, including Commercial General Liability with minimum limits of $1 million per occurrence and $2 million general aggregate, Commercial Automobile Liability with a minimum of $1 million Combined Single Limit (or $10 million if operating on the Airport Operations Area), and Worker's Compensation coverage meeting all statutory requirements in relevant states. Employer's Liability coverage must include limits of $1 million for each accident, $1 million per disease per employee, and $1 million disease policy limit. All insurance must be obtained from companies licensed in Minnesota with an A.M. Best rating of A- or better, with MAC named as an additional insured on applicable policies. The consultant bears sole responsibility for all deductibles and self-insured retentions, must provide notice of any policy cancellation or modifications at least thirty days in advance, and must furnish a current ACORD certificate of insurance prior to commencing work. Failure to maintain required insurance constitutes material breach of contract and provides grounds for immediate termination.

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Attachment #3 RFB Vehicle Movement Area Transponders (VMAT) Equipment Insurance Requirements Introduction Clause INSURANCE. Consultant shall secure and keep in force during the term of this agreement, from insurance companies licensed or admitted in Minnesota, self-insurance pools or government self-retention funds authorized to do business in the relevant state(s) of operation under this agreement, the following insurance coverages. The insurance companies must have an A.M. Best rating of A- or better.

CGL
Commercial General Liability with minimum liability limits of $1 million per occurrence and $2 million general aggregate. The policy shall contain the following by endorsement or terms and conditions of the policy.

· Metropolitan Airports Commission shall be included as an additional insured and the policy shall be primary and non-contributory.

AL
Commercial Automobile Liability, including Owned, Hired, Leased, and Non-Owned automobiles, with minimum liability limits $1,000,000 Combined Single Limit. The policy shall contain the following by endorsement or terms and conditions of the policy. If Consultant will be driving on the AOA then the required limit is $10,000,000 Single Combined limit.

· Metropolitan Airports Commission shall be included as an additional insured

WC
Worker’s Compensation coverage meeting all statutory requirements in all the relevant state(s) of operation that applies to the performance of this PSA. Employers Liability with limits of $1,000,000 – Each Accident, $1,000,000 – Disease-Each Employee, $1,000,000 – Disease-Policy Limit. The policy shall contain the following by endorsement or terms and conditions of the policy.

· A waiver of subrogation in favor of the Metropolitan Airports Commission

The insurance coverages listed above are subject to the following additional requirements: 1) Any deductible or self-insured retention amount or other similar obligation under the policies shall be the sole responsibility of the Consultant. 2) The duty to defend, indemnify, and hold harmless under this agreement shall not be limited by the insurance required in this agreement. 3) Consultant shall be responsible to notify MAC in writing at least thirty (30) days prior to any policy cancellation or modification of policy terms and conditions. 4) The legal defense provided to MAC under the policy terms and conditions and any endorsements must be free of any conflicts of interest, even if retention of separate legal counsel for MAC is necessary. 5) The insolvency or bankruptcy of the insured Consultant shall not release the insurer from payment under the policy, even when such insolvency or bankruptcy prevents the insured Consultant from meeting the retention limit under the policy. 6) The Consultant shall furnish a certificate of insurance to MAC using the most current ACORD form issued by an Insurance Company or Agent licensed in the United States and policies upon request to the undersigned MAC representative prior to commencement of this agreement showing compliance with the provisions of this contract. 7) Failure to effect, maintain and provide evidence of the insurance required in this agreement is a material breach of contract entitling MAC to terminate this agreement immediately.

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