3-COI Guide for Contractors.pdf

This is a Certificate of Insurance (COI) Guide for contractors working with the City of West Jordan, Utah on Real Estate Brokerage & Acquisition Negotiation Services. The guide outlines the required documentation and information that must be included on certificates of insurance submitted by qualified real estate brokerage firms and agents providing professional acquisition, negotiation, and transaction advisory services to the City. The COI must verify that the broker's name, insured entity name, and insurance companies providing coverage are clearly identified, with confirmation through AM Best ratings. The certificate must confirm that the project falls within the policy period, and if the policy renews during the project term, an updated certificate must be provided. The document specifies that the City of West Jordan must be listed as the certificate holder and as an additional insured for ongoing and completed operations.

The COI must document all applicable policy limits for general liability and workers' compensation coverage, along with evidence of Additional Insured and Waiver of Subrogation endorsements. All relevant project details, including transaction dates and scope, must be noted on the certificate. The broker's complete contact information and signature must be included, along with verification that the certificate holder matches the contract requirements. This guide ensures that contractors maintain adequate insurance protection while performing real estate services on behalf of the City, covering the anticipated four to six annual transactions that may include residential and commercial acquisitions, easements, property exchanges, and other real estate-related negotiations.