RFQ Appendix B - DOE-SR - Insurance Requirements.pdf

Department of Energy

Realty Agreement for Carbon Pollution-Free Projects at Savannah River Site

Request for Qualifications (RFQ) Appendix B Insurance Requirements

APPENDIX B

Insurance Requirements

Insurance Requirements Checklist Site Name: Policy Inception: Policy Expiration:

Savannah River Insured:(Project Owner)

Following items apply to All Coverages and should be on all Certificates:

Named Insured/Loss Payee Certificate Holder United States Department of Energy (Interest must be full name without abbreviation) c/o [insert DOE POC] Address [insert mailing address] (Street, City, State, Zip Code) [City, State, Zip Code]

Insurance Company AM Best Rating Rating of A- / VIII or better.

Notice of Cancellation/ Material Change 10 days, including nonpayment of premium.

Verify certificate signed and dated Signature of Authorized Signatory for Selectee.

Waiver of Subrogation Insurer shall have no right of subrogation against the Government.

Certificates Required: Limits

Property Insurance

Evidence of Property Insurance Form Acord Form 27

This insurance should be obtained upon completion of construction.

All Risk, on a replacement cost basis, with no coinsurance.

Full replacement cost value of the buildings, building improvements, and personal property belonging to the Property

Property Insurance Deductible No greater than $10,000 Earthquake coverage and Deductible Limits and deductibles as commercially available Flood coverage and Deductible Limits and deductibles as commercially available Loss of Rents with extended period of indemnity of 180 days

Actual Loss Sustained not less than gross rents for one (1) year

Boiler and Machinery coverage and Deductible

Limits and deductibles as commercially available

Sewer Backup coverage and Deductible Limits and deductibles as commercially available

Terrorism Insurance Limits and deductibles if available at reasonable rates

FOR SUBLESSEES ONLY: All Risk, including business personal property, improvements and betterments, and

Business Interruption: one (1) year of gross rents;

All Other Property: Limits based on full replacement cost value business interruption subject to an extended period of indemnity.

Commercial General Liability

Certificate of Insurance Acord Form 25

This insurance should be obtained for operations during or after construction at the Realty Agreement Premises.

Bodily injury (including death), personal and advertising injury and property damage, to include coverage for fire, legal liability, and medical payments.

Includes including independent contractors and contractual liability. Primary and non-contributory.

Combination of primary liability and excess/umbrella liability policies can be used.

Between $1,000,000 and $100,000,000 per occurrence, products-completed operations aggregate, and general aggregate per location or per project

FOR SUBLESSEES ONLY: Primary and non-contributory to any insurance maintained by the Government or Approved Mortgagee. Government designated as Named Insured.

At least $2,000,000 per occurrence and $2,000,000 annual aggregate.

Business Auto

Bodily injury and property damage combined single limit

Combined Single Limit of at least $1,000,000 per accident

Any auto (Owned, Hired and Non Owned)

Crime

Certificate of Property Insurance Form Acord Form 27

Evidence of crime insurance or a fidelity bond

Limits adequate to protect Selectee if this exposure exists

Environmental Liability or Pollution Legal Liability

Includes coverage for mold Limits adequate to protect Selectee if this exposure exists

Underground Storage Tank Environmental Insurance

If any USTs located on the Property Limits adequate to protect Selectee if this exposure exists

Certificate of Insurance

Workers' Compensation

Employees Statutory limits

FOR SUBLESSEES ONLY:

Employees

Statutory limits

Employers’ Liability

Employers Liability, including third-party property coverage

Limits of at least $1,000,000 each accident, per disease-each employee, and per disease-policy limit respectively

FOR SUBLESSEES ONLY:

Employers Liability

Limits of at least $1,000,000 each accident, per disease-each employee, and per disease-policy limit respectively

Builder's Risk

Evidence of Property Insurance Form Acord Form 27 commencement of construction.

Building and/or improvements on the Realty Agreement Premises

Building and/or Improvements of the Realty Agreement Premises

FOR SUBLESSEES ONLY:

commencement of construction IF Selectee does not carry such coverage.

Building and/or improvements on the Realty Agreement Premises

Building and/or Improvements of the Realty Agreement Premises

Note: Accord Form References are typically standard forms used. Some insurance companies have their own version of these forms. Declarations pages from policies and insurance summaries are not considered acceptable evidence of coverage.

All insurance requirements are deal specific and need to be completed in accordance with the transaction.