Builders_Risk_Insurance_Requirement.pdf
PDF 56 KB Posted
- Attached to
- City Hall Wind Mitigation
- Solicitation number
- 26-008
- Issued by
- Santa Rosa County, Mount Carmel CDP, Florida
About this file
This is an Insurance Requirements document outlining builder's risk insurance mandates for Santa Rosa County construction contracts. The document establishes comprehensive insurance coverage specifications that contractors must obtain and maintain throughout the duration of construction projects for the county.
The contractor is required to obtain and maintain an "all-risk" or "special form" builder's risk insurance policy at its own expense covering all work, materials, equipment, and supplies used in or incidental to the project, whether located on-site, off-site, or in transit. The coverage amount must equal no less than the total construction contract amount, including any approved change orders. The policy must name Santa Rosa County, its officers, employees, and agents as additional insureds and loss payees, and include a waiver of subrogation in favor of the county. Prior to issuance of the Notice to Proceed or commencement of work, the contractor must furnish Santa Rosa County with a Certificate of Insurance and a copy of the builder's risk policy endorsement; work shall not commence until such documentation is reviewed and approved by the county. The contractor bears sole responsibility for any deductibles and must promptly process all claims. Insurance proceeds must be made payable jointly to the contractor and Santa Rosa County and applied toward repair or replacement of damaged work. Coverage must remain in effect until Santa Rosa County issues written notice of final acceptance or project completion, and the policy cannot be canceled, reduced, or allowed to lapse without thirty days' prior written notice to the county.
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Text version
ARTICLE VII – INSURANCE REQUIREMENTS
Section 7.1 – Builder’s Risk Insurance
a. Coverage.
The Contractor shall obtain and maintain, at its own expense, a Builder’s Risk Insurance policy for the duration of construction. The policy shall provide “all-risk” or “special form” coverage protecting against loss or damage to the work, materials, equipment, and supplies used in or incidental to the project, whether located on-site, off-site, or in transit.
b. Amount.
Coverage shall be written for no less than the total construction contract amount, including any approved change orders.
c. Named Insureds.
The policy shall name Santa Rosa County, its officers, employees, and agents as additional insureds and loss payees as their interests may appear. The policy shall include a waiver of subrogation in favor of Santa Rosa County.
d. Proof of Coverage.
Prior to issuance of the Notice to Proceed or commencement of any work, the Contractor shall furnish Santa Rosa County with a Certificate of Insurance and a copy of the Builder’s Risk policy endorsement. Work shall not commence until such documentation has been reviewed and approved by the County.
e. Deductibles and Claims.
The Contractor shall be solely responsible for any and all deductibles and shall promptly process any claims arising under the Builder’s Risk policy. Any insurance proceeds shall be made payable jointly to the Contractor and Santa Rosa County and applied toward repair or replacement of the damaged work.
f. Duration and Cancellation.
Coverage shall remain in effect until Santa Rosa County issues written notice of final acceptance or completion of the project. The policy shall not be canceled, reduced, or allowed to lapse without thirty (30) days’ prior written notice to Santa Rosa County.
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