Exhibit B _ Insurance Requirements.pdf

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EXHIBIT B

MINIMUM INSURANCE REQUIREMENTS

1. Subcontractor’s Liability Insurance The Subcontractor will provide and maintain the following types and amounts of insurance:

1.1 Commercial General Liability Insurance

Sucontractor must provide Commercial General Liability insurance (2013 ISO Occurrence Form or its equivalent). The Commercial General Liability insurance must include coverage for “Premises-Operations”, “Independent Construction Managers”, “Products- Completed Operations”, Personal Injury” and “Contractual Liability”. The “Contractual Liability” must include coverage for liability assumed under the Contract and the tort liability of another assumed in a business contract. Such coverage shall not exclude or limit coverage for explosion, collapse, or underground (formerly known as the “XCU”). This insurance shall be maintained throughout the performance of the Work and for a minimum of one year after FINAL PAYMENT. Limits shall be as follows:

Each Occurrence Limit

Bodily Injury/Property Damage Liability $1,000,000 Personal Injury Liability $1,000,000 General Aggregate Limit $3,000,000 Products/Completed Operations Aggregate Limit $3,000,000

The General Aggregate Limit is to be written on a "per project" basis using Subcontractor’s “Per Project” endorsement: Amendment-Aggregate Limits of Insurance (CG 2503). The “Products/Completed Operations” Aggregate Limit must be at least $3,000,000, or written confirmation provided that the Commercial Umbrella coverage affirmatively “follows form” and includes liability coverage arising out of the insured’s “Completed Operations”. Such coverage shall not exclude or limit coverage for explosion, collapse and underground (f/k/a “XCU”) wherever work involving these exposures is undertaken.

Construction Manager, Owner, and its Board, officers, employees, as well as authorized agents, and affiliates, are to be named as additional insureds in the Subcontractor’s commercial general liability policy. Verification of additional insured status shall be furnished to CM/Owner by providing a copy of the endorsement or Certificate of Insurance.

This insurance will apply as primary insurance with respect to any other insurance or self-insurance that Construction Manager may have or elect to carry with respect to this Project.

1.2 Business Automobile Liability Insurance

Subcontractor must provide and maintain business automobile liability insurance for all “owned”, “non-owned” and “hired” vehicles on ISO form CA 00 01 12/90 or equivalent coverage form with the following limits:

Combined Single Limit $1,000,000 per accident

Construction Manager, Owner, its Board, officers, employees, as well as authorized agents, and affiliates, are to be named as additional insureds on the Business Automobile Liability policy.

Verification of

B-2 additional insured status shall be furnished to CM/Owner by providing a copy of the endorsement or Certificate of Insurance.

This insurance will apply as primary insurance with respect to any other insurance or self-insurance that Construction Manager may have or elect to carry with respect to this Project.

1.3 Workers Compensation

Subcontractor shall provide and maintain Workers Compensation and Employers Liability insurance providing coverage in the state (or states) in which the project is performed. Limits and coverage shall be as follows:

Workers Compensation Insurance Statutory Benefits

Employers Liability Insurance $1,000,000 each accident $1,000,000 policy limit $1,000,000 each employee

The “Worker’s Compensation” policy must allow a Waiver of Subrogation and the policy must be endorsed accordingly if the Waiver of Subrogation is not permitted without the insurance company’s express consent in writing.

1.4 Umbrella Excess Liability

Subcontractor shall provide umbrella and/or excess liability insurance on an "occurrence" basis providing "following form" coverage for the underlying coverages outlined above with the following minimum limits:

Each Occurrence Limit $25,000,000 Aggregate Limit $25,000,000

Construction Manager, Owner, and its Board, officers, employees, as well as authorized agents, and affiliates, are to be named as additional insureds on the Umbrella/Excess Liability policy.

Verification of additional insured status shall be furnished to Owner by providing a Certificate of Insurance.

insurance that CM/Owner may have or elect to carry with respect to this Project.

1.5 Waiver of Subrogation

Subcontractor waives all rights of subrogation or recovery of damages against Owner (and Owner’s agents, officers, directors, and employees) to the extent such damages are covered by the insurance carried or required to be carried under the Contract. Subcontractor (and its consultants and subcontractors, or anyone directly or indirectly employed by any of them) shall cause each policy required hereunder to contain provisions allowing waiver of rights of recovery prior to a loss and waivers of rights of subrogation against CM/Owner on the part of the insurer. Subcontractor shall cause its consultants, subcontractors and sub-subcontractors, agents and employees to execute similar waivers of subrogation in favor of CM/Owner for all insurance coverage except Worker’s Compensation. A waiver of subrogation shall be effective as to a person or entity even though that person or entity would otherwise have a duty of indemnification, contractual or otherwise, did not pay the insurance premium directly or indirectly, and whether or not the person or entity had an insurable interest in the property damage.

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1.6 Evidence of Insurance

Subcontractor shall furnish Certificates of Insurance to CM/Owner prior to commencement of the Work. The certificate holder (and additional insured) should read as follows:

Roof Technology Partners, LLC 323 Bell Park Drive Woodstock, GA 30188

The Certificate(s) of Insurance shall be signed by a duly authorized representative of each insurance company, showing compliance with the insurance requirements set forth herein. The certificate should expressly state that if there is any material change in coverage (cancellation, expiration, or exclusion of a specifically required coverage such as completed operations) that the Subcontractor or his agent will make every reasonable effort to notify Construction Manager at least ten (10) days prior to such change by written notice.

1.7 The insurance companies providing coverage must be rated "A-" or better by A. M. Best's and be licensed or otherwise approved in the state where the Project is located. Any exceptions to the requirement of (1) being licensed or approved by the State, or (2) having a Best's "A-" rating or better, must be referred to Owner for prior approval.

1.8 If Subcontractor fails to maintain the required insurance as outlined above, Construction Manager shall have the right, but not the obligation, to purchase said insurance at the Subcontractor’s sole expense. Subcontractor’s failure to maintain insurance as required may result in termination of this contract at Construction Manager’s option. However, the failure of Construction Manager to demand Certificates of Insurance or evidence of full compliance with these insurance requirements shall not constitute a waiver of the Subcontractor’s obligation to maintain such insurance.

1.9 Subcontractor agrees to insure (or self-insure) all loss to owned or leased tools and equipment, and further agrees that Construction Manager and Owner shall have no responsibility for lost or damaged tools or equipment.

1.10 Pollution Liability Insurance

Subcontractor shall obtain and maintain pollution liability insurance covering bodily injury, property damage and environmental damage resulting from sudden or gradual accidental pollution and related cleanup costs arising out of the work or services to be performed under this Contract, with the following limits:

Combined Single Limit $1,000,000 per claim Annual Aggregate Limit $3,000,000

Construction Manager, Owner and its Board, officers, employees, as well as authorized agents, and affiliates, are to be named as additional insureds in the Subcontractor’s policy with respect to this Project.

insurance that CM/Owner may have or elect to carry.