Sample Exhibit 2 - Insurance Requirements.pdf

CAO 5/2/2022

[[ Contract Number ]]

MULTNOMAH COUNTY CONTRACT

Exhibit 2: Insurance Requirements

This EXHIBIT 2: INSURANCE REQUIREMENTS is attached and incorporated into the Multnomah County Contract (“Contract”). A breach of this Exhibit 2 is a Material Default. Contractor shall at all times maintain in force at Contractor’s expense, each insurance noted below:

i. Workers’ Compensation insurance in compliance with ORS 656.017, which requires subject employers to provide workers’ compensation coverage in accordance with ORS Chapter 656 or CCB (Construction Contractors Board) for all subject workers. Contractor and all subcontractors of Contractor with one or more employees must have this insurance unless exempt under ORS

656.027 (See Exhibit 4).

Employers liability insurance with coverage limits of not less than $500,000 must be included.

THIS COVERAGE IS REQUIRED. If Contractor does not have coverage and claims to be exempt, attach Exhibit 4 in lieu of Certificate. Out-of-state contractors with one or more employees working in Oregon in relation to this contract must of Workers’ Compensation coverage from a state with extraterritorial reciprocity, or they must obtain Oregon specific Workers’ Compensation coverage.

ORS 656.126.

ii. Commercial General Liability insurance with coverages satisfactory to the County , on an occurrence basis, with a combined single limit of not less than $1,000,000 each occurrence for Bodily Injury and Property Damage, with an annual aggregate limit of $2,000,000.

iii. Professional Liability Insurance covering any damages caused by error, omission or any negligent acts of the Contractor, its sub-contractors, agents, officers, or employees performance under this contract. Combined single limit per occurrence/claim shall not be less than $1,000,000.

Annual aggregate limit shall not be less than $2,000,000.

iv. Commercial Automobile Liability covering all owned, non-owned, or hired vehicles. This coverage may be written in combination with the Commercial General Liability insurance (with separate limits). Combined single limit per occurrence shall not be less than $1,000,000.

Additional Requirements: Coverage must be provided by an insurance company authorized to do business in Oregon or rated A- or better by Best’s Insurance Rating. Contractor shall pay all deductibles and retentions.

Contractor’s coverage will be primary in the event of loss.

Tail Coverage - If any of the liability insurance coverages shown are on a "claims made" basis, "tail" coverage will be required at the completion of the Contract for a duration of 24 months, or the maximum time period reasonably available in the marketplace. Contractor shall furnish certification of "tail" coverage as described or continuous "claims made" liability coverage for 24 months following Contract completion. Continuous "claims made" coverage will be acceptable in lieu of "tail" coverage provided its retroactive date is on or before the effective date of the Contract. If continuous "claims made" coverage is used, Contractor shall keep the coverage in effect for duration of not less than 24 months from the end of the Contract. This will be a condition of Final Acceptance.

Certificate of Insurance Required: Contractor shall furnish a current Certificate of Insurance to the County.

Contractor shall provide renewal Certificates of Insurance upon expiration of any of the required insurance coverages. Contractor shall immediately notify the County of any change in insurance coverage. The Certificate shall also state the deductible or retention level.

SAMPLE

CAO 5/2/2022

[[ Contract Number ]]

The County must be listed as an Additional Insured by Endorsement on any General Liability Policy on a primary and non-contributory basis. Such coverage will specifically include products and completed operations coverage. The Certificate shall state the following in the description of operations:

“Additional Insured Form (include form number) attached. This form is subject to policy terms, conditions and exclusions.”

A copy of the additional insured endorsement shall be attached to the Certificate of Insurance required by this Contract. Complete copies of insurance policies shall be provided to the County via MMP Supplier Portal located here: https://solutions.sciquest.com/apps/Router/SupplierLogin?CustOrg=Multnomah. If you need further assistance please email: tsmmarketplacesupport@multco.us. The Certificate of Insurance should list Multnomah County as Certificate holder: Multnomah County Risk Management, 501 SE Hawthorne Blvd, Suite 400, Portland, OR 97214

SAMPLE

https://solutions.sciquest.com/apps/Router/SupplierLogin?CustOrg=Multnomah mailto:tsmmarketplacesupport@multco.us