5-Attachment C. Insurance and Indemnity Form.pdf

Attachment C

Contractor Insurance Requirements for

Contracts with Pension Board

Contractor must at the time of the contract award provide to the Entities proof of all

Liability clauses listed below:

Every contractor and parties furnishing services or products to Pension Board must provide evidence of the following minimum insurance requirements. In no way do these minimum requirements limit the liability assumed elsewhere in the contract.

Insurance

Contractor shall, at its sole expense, maintain the following insurance:

A. Commercial General Liability Insurance including contractual coverage: The limits of this insurance for bodily injury and property damage combined shall be at least:

Each Occurrence Limit $1,000,000

General Aggregate Limit $2,000,000

Products – Completed Operations Limit $2,000,000

Personal and Advertising injury Limit $1,000,000

B. Business Automobile Liability Insurance:

Should the performance of this Agreement involve the use of automobiles, Contractor shall provide comprehensive automobile insurance covering the ownership, operation and maintenance of all owned, non-owned and hired motor vehicles. Contractor shall maintain limits of at least $1,000,000 per accident for bodily injury and property damage combined.

C. Workers’ Compensation Insurance:

Such insurance shall provide coverage in amounts not less than the statutory requirements in the state where the work is performed, even if such coverages are elective in that state.

D. Employers Liability Insurance:

Such insurance shall provide limits of not less than $100,000 per occurrence for bodily injury; $100,000 per employee for bodily injury by disease, and $500,000 policy aggregate.

E. Professional Liability/Errors and Omissions:

This insurance should insure the professional services of the Contractor for the scope of services to be provided under this contract. Such insurance shall provide limits of not less than $5,000,000 per occurrence and $10,000,000 aggregate.

F. Excess/Umbrella Liability Insurance – optional (see J below):

Such insurance shall provide additional limits in excess of the limits in (A.), (B.), and

(D.) above.

Attachment C

Contractor Insurance Requirements for

Contracts with Pension Board

Additional Requirements:

G. Contractor shall require the same minimum insurance requirements, as listed above, of all its contractors, and subcontractors, and these contractors, and subcontractors shall also comply with the additional requirements listed below.

H. The insurance specified in (A.), (B.), and (D.) above shall: (a) name ERS, OBRA and the Pension Board including its directors, officers, employees and agents as additional insureds by endorsement to the policies, and, (b) provide that such insurance is primary coverage with respect to all insureds and additional insureds.

I. Pension Board should also be granted a waiver of subrogation in its favor on the insurance specified under the insurance policy terms of in (A.), (B.), (C.) and (D.)

above.

J. The above insurance coverages may be obtained through any combination of primary and excess or umbrella liability insurance. Pension Board may require higher limits or other types of insurance coverage(s) as necessary and appropriate under the applicable purchase order.

K. Except where prohibited by law, all insurance policies shall contain provisions that the insurance companies waive the rights of recovery or subrogation, by endorsement to the insurance policies, against Pension Board, ERS, OBRA, its subsidiaries, its agents, servants, invitees, employees, co-lessees, co-venturers, affiliated companies, contractors, subcontractors, and their insurers.

L. Contractor shall provide certificates evidencing the coverages, limits and provisions specified above on or before the execution of the Agreement and thereafter upon the renewal of any of the policies. Contractor shall require all insurers to provide Pension

Board with a thirty (30) day advanced written notice of any cancellation, nonrenewal or material change in any of the policies maintained in accordance with this

Agreement. Coverage must be placed with carriers with a current A. M. Best rating of

A minus or better.

Contractor’s Name

Title

Signature

Date