Insurance Requirements (2).pdf

A. INSURANCE REQUIREMENTS

The contractor shall furnish:

a. ACORD Form 25 - Certificate of Insurance to evidence all liability coverages as outlined in the table below;

b. A copy of the applicable Additional Insured endorsement form evidencing the coverage endorsed onto the liability policies as required in the table below;

c. New York State Workers’ Compensation Form C105.2 or New York State Insurance Fund form U26.3 to evidence New York State workers’ compensation coverage;

d. A copy of the applicable Waiver of Subrogation Endorsement Form, evidencing the coverage endorsed onto the Workers’ Compensation policy, either on a specific/schedule or blanket basis.

B. The County of Wayne and its officers, employees, and agents shall be named as Additional Insureds under the liability policies issued for the above coverages.

C. A Waiver of Subrogation in favor of The County of Wayne and its officers, elected officials, employees, and agents shall apply to the Workers’ Compensation policy listed above.

D. If contractor maintains broader coverage and/or higher limits than the minimums shown in the table, the County requires and shall be entitled to the broader coverage and/or the higher limits. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to the County.

E. The County reserves the right to modify these requirements, including limits, based on the nature of the risk, prior experience, insurer, coverage, or other special circumstances.

F. The per occurrence and aggregate limits for specified coverage shall apply on a per-location or per-project basis.

G. Contractor shall maintain insurance with the required limits above for the duration of this contract.

Completed Operations coverage must be maintained and evidenced for at least two (2) years after completion of the project.

H. All certificates of Insurance must be approved by either the Wayne County Attorney or the Self-Insurance Specialist prior to commencing work under the contract.

I. The insurance carriers providing the above coverages shall be licensed to do so in New York State and shall also be rated no lower than "A-" by the most recent Best's Key Rating Guide or Best's Agent's Guide or must be otherwise acceptable to the County Board of Supervisors.

J. It is expressly understood and agreed by the Contractor that the insurance requirements specified above contemplates the use of occurrence liability forms. If claims-made coverage is evidenced to satisfy any of these requirements the contractor shall comply with the following requirements:

a. If the claims-made coverage terms designate a specific retroactive date, the contractor shall maintain a retroactive date which is not later than the earlier of (a) the date of the commencement of the term of this agreement, or (b) the original coverage retroactive date for the Contractor’s first claims-made policy for each and every coverage provided on a claims-made basis.

K. For the duration of this contract or its subsequent renewals, if the retroactive date is advanced or if the policy is non-renewed, cancelled or is otherwise materially changed, the contractor agrees to purchase at its own expense, an Extended Reporting Endorsement. This endorsement must provide for extended reporting period (“Tail” coverage) in compliance with the minimum standards promulgated by the Department of Financial Services (Insurance Department) of the State of the New York as contemplated in Regulation No.

121 (11 NYCRR 73) or its subsequent amendments or revisions.

L. Upon termination of the services provided to the County by the contractor, it is agreed that such claims-made coverage will be maintained without interruption for a period of time equal to the length of any Extended Reporting Period requirement as cited above. If the retroactive date is advanced or if the policy is non-renewed, cancelled, or is otherwise materially changed during this period of time the Contractor agrees to purchase, at its own expense, an Extended Reporting Endorsement that is in compliance with the minimum insurance standards promulgated by the Department of Financial Services (Insurance Department) of the State of the New York as cited above.

Insurance Type Commercial General Liability Each Occur. $1,000,000 Fire Damage/Damage to Rented

Premises $50,000

General Agg. $2,000,000 Prod. Comp. Op. $1,000,000 Personal & Adv. Injury $1,000,000 Med. Expense $5,000

Auto Liability Any Auto OR $1,000,000 Owned $1,000,000 Hired $1,000,000 Non-Owned $1,000,000

Excess/ Umbrella Each Occur. $1,000,000 Aggregate $1,000,000

Additional Insured on a Primary &

Non-Contributory Basis with a Waiver of Subrogation and 30 Days Notice of Cancellation or Non-Renewal

General Liability, Auto, & Excess

NOTE: All required insurance is to be submitted with the bid or a letter of intent to purchase any necessary insurance if awarded the bid.