4-4663 - Letcher County - Insurance Coverage Declaration.pdf

This is an Insurance Coverage Declaration form submitted to Letcher County, Kentucky in conjunction with a bid for title search and closing services related to a 2022 FEMA Home Buyout Program property. The declaration requires proposing contractors to provide evidence of three types of insurance coverage with specific minimum limits and to attach complete copies of all insurance policies and endorsements to their proposals. Failure to submit the required insurance documentation may result in proposal rejection.

Contractors must demonstrate Commercial General Liability coverage with a minimum aggregate limit of $2,000,000 and per-occurrence limit of $1,000,000, with the General Aggregate limit applying separately or equaling at least twice the required occurrence limit. Comprehensive Automobile and Water Vehicle Liability coverage is required with a minimum limit of $1,000,000 per occurrence combined single limit for any automotive equipment used in service performance, along with Physical Damage Insurance for owned or rented machinery, tools, equipment, office trailers, and vehicles. Worker's Compensation insurance must include employer's liability coverage with limits of not less than $1,000,000 per occurrence for each accident or illness, with a requirement that the policy cannot be cancelled or materially changed without thirty days' prior written notice to the County. Firms with owner/operators who have filed a "Notice of Election to be Exempt" must supply a signed copy of that notice meeting applicable Worker's Compensation law exemption requirements.