Hazard and Insurance Requirement.doc

Georgia World Congress Center Authority

Hazards & Insurance Requirement

Hazards: The contractor shall be responsible from the time of the beginning of the first work, for all injury or damage of any kind resulting from the work to persons or property regardless of who may be the owner of the property. In addition to the liability imposed upon the contractor on account of bodily injury (including death) or property damage suffered through the contractor's negligence, which liability is not impaired or otherwise affected hereby, the contractor assumes the obligation to save the owner harmless and to indemnify and defend the owner from every claim arising out of or through injury (including death) to any person or persons or damage to property (regardless of who may be the owner of the property) arising out of or suffered through any act or omission of the contractor or any sub-contractor, or anyone either (a) directly or indirectly employed by or (b) under the supervision of any of them in prosecution of the work included in this contract.

Insurance: Proof of insurance coverage and furnishing of insurance policies shall be as shown herein below:

Compliance with Workmen's Compensation Laws: The contractor agrees to comply with the provisions of the workmen's compensation laws of the State of Georgia and to require all sub-contractors likewise to comply. The contractor agrees that, prior to the beginning of any work by the contractor, the contractor will furnish the following to the owner: Certificate from insurance company showing issuance of workmen's compensation coverage for the State of Georgia or a certificate from Georgia Workmen's Compensation Board showing proof of ability to pay compensation directly. The contractor agrees that the foregoing provision respecting workmen's compensation is also applicable to sub-contractor.

Policies, Certificates, Limits, and Disposition of Documents: The contractor shall obtain at his expense insurance with limits as shown herein below unless the contractor desires to broaden the limits and obtain more protection:

CONTRACTOR'S PROTECTIVE LIABILITY INSURANCE - taken out in the name of the contractor. Bodily injury, including death - limits of $1,000,000 for each accident.

Property damage - limits of $1,000,000 for each accident and $3,000,000 for the aggregate of operations.

DISPOSITION - Certificate of insurance must be sent to owner prior to commencement of work.

CONTRACTOR'S PUBLIC LIABILITY INSURANCE - taken out in the name of the contractor. Bodily injury, including death - limits of $1,000,000 for each person and $3,000,000 for each accident. Property damage - limits of $1,000,000 for each accident and $3,000,000 for the aggregate of operations. DISPOSITION: Certificate of insurance must be sent to owner prior to commencement of work.

Acceptability of Insurers to Owner: No insurance will be accept unless written by a company licensed by State Insurance Commissioner to do business in Georgia at the time the policy is issued, and the company must in addition be acceptable to the owner. To avoid inconvenience, any general contractor or sub-contractor must get in touch with the owner to determine whether the insurance company or companies he expects to use is, or are, acceptable to the owner. All policies and certificates must be signed or countersigned, as the case may be, by resident Georgia agents.

Termination of Obligation to Insure: Unless otherwise expressly provided to the contrary, the obligation to insure as prescribed herein shall not terminate until the owner shall have executed the final certificate.

Competence of Insurers: The contractor is responsible for any delay resulting from the failure; (1) of his insurance carriers; and, (2) of insurance carriers of his sub-contractors to furnish proof of proper coverage in; (1) the prescribed form; (2) the prescribed manner; and, (3) in good season.

Notice of cancellation or non-renewal. - No notice of cancellation or notice on intent to non-renewal shall be effective if given more than thirty (30) days in advance of cancellation or date of expiration of policy.