Insurance Provisions - Vendor Requirements 2024.docx

Minimum Insurance Requirements - Vendors

VENDOR shall procure and maintain for the duration of the Supply Agreement, insurance against claims which may arise from or in connection with the performance of the services hereunder by VENDOR, its agents, representatives, or employees. The coverage types and limits required herein are minimum requirements and will not limit the liabilities or obligations of the VENDOR under this Supply Agreement. All coverage will be placed with insurers authorized to do business in the State where the work is to be performed and A.M. Best ratings of no less than A-, VII.

VENDOR is responsible for all policy deductibles and retentions, and self-insured risks.

MINIMUM SCOPE AND LIMIT OF INSURANCE

a. Coverage:

(1) Commercial General Liability (CGL) with minimum limits of $1,000,000 each occurrence/$2,000,000 aggregate for bodily injury and property damage. CGL insurance shall be written on ISO occurrence form CG 00 01 or other form providing equivalent coverage and shall cover liability arising from premises, operations, products-completed operations, personal injury and advertising injury, and contractual liability.

(2) Business Auto Liability with minimum limits of $1,000,000 each occurrence for bodily injury and property damage. Such insurance shall cover liability arising out of any auto, including owned, hired or non-owned. Auto coverage shall be written on ISO form CA 00 01 or other form providing equivalent coverage.

(3) Workers’ Compensation insurance as required by the State of Alaska or any other applicable jurisdiction, with Statutory Limits, and Employer’s Liability Insurance with limits not less than $1,000,000 per accident for bodily injury or disease. This policy shall include coverage for all persons subject to the Workers’ Compensation Act as well as coverage for sole proprietors, partners of a partnership, members of a limited liability company or officers of a corporation who will be present on ASRC and its Subsidiaries’ Premises.

(4) In addition, VENDOR shall maintain Umbrella or Excess Liability insurance with a minimum limit of $2,000,000 per occurrence to be excess over the CGL, Business Auto, and Employers Liability. Coverage shall be at least as broad as the underlying policies. Umbrella/Excess Liability insurance shall remain in effect until final acceptance of the completed (work, project, or construction)

(5) If applicable, VENDOR shall maintain Contractor’s Pollution Liability coverage with minimum limits of $5,000,000 per occurrence or pollution condition. Coverage will include clean-up costs, transportation and disposal of material at non-owned disposal sites. (Contractor’s Pollution Liability insurance is applicable when providing a wide range of services, including but not limited to, environmental activities, construction trades, excavation, paving, concrete, fire sprinkler systems, demolition, electrical, mechanical, interior renovations, roofing, steel, etc.)

(6) Vendors will be responsible for insuring any of their property and equipment owned, leased, rented and/or borrowed to perform their work or services. This insurance will provide for replacement cost value of the property and equipment.

b. Additional Insurance Provisions

All policies must incorporate the following provisions through endorsement or policy language:

(1) Additional Insured Status All required insurance policies (except workers’ compensation) shall be endorsed to include (ASRC COMPANY), its parent, subsidiary companies, their affiliates, officers, officials, employees, volunteers as additional insureds. The additional insured coverage shall be primary and non-contributory to any of ASRC's insurance policies for liabilities assumed under this Supply Agreement and shall apply to products and completed operations liability.

(2) Waiver of Subrogation All required insurance policies shall be endorsed to waive all rights of subrogation against (ASRC COMPANY), its parent, subsidiary companies, their affiliates, officers, officials, employees, and volunteers.

(3) Primary and Non-Contributory All required insurance policies shall, with respect to the work, be primary and non-contributory as respects coverage maintained by (ASRC COMPANY) and any other organization with whom (ASRC COMPANY) has agreed in writing to include as primary and non-contributory.

(5) Separation of Insureds A severability of interests provision must apply for all additional insureds ensuring that VENDOR’S insurance shall apply separately to each insured against whom a claim is made or suit is brought, except with respect to the insurer’s limits of liability. The policy(ies) shall not contain any cross-liability exclusions.

VENDOR shall provide a Certificate of Insurance evidencing coverage prior to beginning work and prior to the expiration or replacement of any policy. All requested endorsements listed in b. Additional Insurance Provisions, above, shall be attached to the Certificate of Insurance.

If VENDOR maintains broader coverage and/or higher limits than the minimums shown above, ASRC requires and shall be entitled to the broader coverage and/or higher limits maintained by VENDOR. The insurance requirements set out in the Minimum Insurance Requirements are independent from all other obligations of VENDOR under this Supply Agreement and apply whether or not required by any other provision of this Supply Agreement and shall not in any way limit VENDOR’S indemnity obligations except to the extent mandated by applicable law. (ASRC COMPANY) does not represent that the coverages and limits outlined in the Minimum Insurance Requirements will necessarily be adequate to protect VENDOR.

(ASRC COMPANY)’s acceptance of an incomplete or improper certificate or failure to identify a deficiency in coverage, shall not be construed as a waiver of VENDOR’S obligation to maintain, in force and effect, the coverages required by this Supply Agreement.