7-EXHIBIT F- Insurance Requirements.docx

LEAD PUBLIC SCHOOLS

Exhibit: F

MINIMUM INSURANCE COVERAGE REQUIREMENTS

The Contractor shall, at its own expense, obtain and maintain the following insurance coverage throughout the Contract term. Insurers must be authorized to conduct business in Tennessee and maintain financial ratings acceptable to LEAD Public Schools (“LEAD”).

1. Commercial General Liability The Contractor shall maintain Commercial General Liability (CGL) insurance on an occurrence basis covering, at a minimum:

· Bodily injury and property damage;

· Premises and operations;

· Products and completed operations;

· Personal and advertising injury;

· Contractual liability;

· Damage to property arising from the Contractor’s delivery, assembly, or installation activities, to the extent commercially available; and

· Liability arising from furniture delivery, assembly, installation, repair, or servicing.

Minimum limits shall be $1,000,000 per occurrence and $2,000,000 general aggregate.

Products and completed operations coverage shall remain in effect for work performed under the Contract for at least two (2) years following final completion and acceptance, to the extent commercially available.

2. Automobile Liability The Contractor shall maintain Automobile Liability insurance covering owned, hired, and non-owned vehicles used in performing the Contract, including vehicles used to transport furniture, materials, tools, and personnel.

The minimum limit shall be $1,000,000 Combined Single Limit per accident for bodily injury and property damage.

3. Workers’ Compensation and Employers’ Liability The Contractor shall maintain Workers’ Compensation insurance in accordance with Tennessee statutory requirements and applicable law.

Employers’ Liability coverage shall have minimum limits of:

· $1,000,000 — Each Accident;

· $1,000,000 — Disease, Policy Limit; and

· $1,000,000 — Disease, Each Employee.

Any claimed exemption must be supported by acceptable written documentation provided to LEAD before work begins.

4. Umbrella/Excess Liability The Contractor shall maintain Umbrella or Excess Liability insurance with minimum limits of:

· $2,000,000 per occurrence; and

· $2,000,000 aggregate.

Coverage shall be at least as broad as the underlying liability policies and shall not materially restrict the coverage required under this RFP.

5. Additional Insured The Contractor shall name LEAD Public Schools, including its officers, employees, agents, representatives, and Board members, as Additional Insureds under the Commercial General Liability policy for liability arising out of the Contractor’s delivery, assembly, installation, and other operations under the Contract.

Additional insured coverage shall apply on a primary and non-contributory basis where commercially available.

6. Waiver of Subrogation To the extent commercially available and permitted by law, the Contractor shall provide a waiver of subrogation in favor of LEAD Public Schools under Workers’ Compensation and applicable liability policies.

7. Subcontractors The Contractor shall require all subcontractors, delivery providers, installers, and other parties performing work under the Contract to maintain insurance appropriate to their respective scopes of work.

Upon request, the Contractor shall provide certificates of insurance evidencing such coverage. The Contractor shall remain responsible for the acts and omissions of its subcontractors.

8. Certificates of Insurance Before Contract execution and commencement of delivery or installation activities, the successful Contractor shall provide current Certificates of Insurance (COIs) evidencing the required coverage.

The Certificate Holder shall be identified as:

LEAD Public Schools 1251 Neely’s Bend Road Madison, TN 37115 LEAD reserves the right to request applicable insurance policies and endorsements to verify compliance. Updated certificates shall be provided upon renewal, replacement, or material modification of required policies.

9. Cancellation or Material Change The Contractor shall provide notice of cancellation, non-renewal, or material reduction in coverage in accordance with applicable policy provisions and law. The Contractor shall promptly notify LEAD of any such change.

Failure to maintain required insurance shall constitute a material breach of the Contract and may result in suspension of work, withholding of payment, or termination.

10. No Limitation of Liability These insurance requirements shall not limit the Contractor’s liability or obligations under the Contract. Maintaining insurance shall not relieve the Contractor of any responsibility assumed under the Contract.

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