Attachment D Insurance Requirements~1.pdf

This is an Insurance Requirements document issued by the City of Long Beach Purchasing Division for contractor obligations under a state and local contract opportunity.

Successful bidders must obtain and maintain comprehensive insurance coverage at their own expense until project completion and City acceptance. Contractors must provide proof of insurability from an insurance company with an 8 rating from AM Best Company with their bid, with failure to submit disqualifying the bid. Required coverages include: Comprehensive General Liability with minimum limits of $1,000,000 per occurrence and $2,000,000 aggregate naming the City as additional insured; Automobile Liability of $500,000 combined single limit per accident; and Worker's Compensation as required by California Labor Code. Insurance carriers must be either admitted in California with an Excellent financial responsibility rating and Financial Size Category V (Capital Surplus greater than $10 million), or non-admitted carriers with an Excellent rating and Financial Size Category VIII (Capital Surplus greater than $100 million), unless waived in writing by the City's Risk Manager. Self-insurance options may be approved in writing by the City and require endorsements preventing coverage cancellation except with 30 days' notice. All subcontractor insurance must meet the same requirements at no expense to the City. Contractors must furnish certificates of insurance and original endorsements signed by authorized insurers prior to work commencement, with insurance maintained until work completion and acceptance. Bidders must submit a subcontractor list with their bid identifying all subcontractors performing work or services exceeding one-half of one percent of total contract cost. Bidders acknowledge by signature that insurance requirements can be provided as requested.