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INSURANCE COVERAGE REQUIREMENTS & PROCEDURES
PLEASE FORWARD A COPY OF THESE INSURANCE REQUIREMENTS TO YOUR INSURANCE AGENT TO ENSURE COMPLIANCE. NO PAY APPLICATIONS WILL BE PAID UNLESS CORRECT INS. CERTIFICATE IS ON FILE WITH US!
Pursuant to Article 19 of the Subcontract Agreement, Subcontractor shall maintain at least the following insurance coverage’s in addition to any other coverage’s or any great limits required by the Contract Documents;
COMMERCIAL GENERAL LIABILITY: $1,000,000 per occurrence $2,000,000 General Aggregate $2,000,000 Product-Comp/OP Agg including Per Project Aggregate
This policy shall be on a form reasonably acceptable to Contractor & Owner, shall include a Waiver of Subrogation, and be endorsed to include the Contractor & Owner as additional insured, and shall include the following coverages:
1) Premises / operations 2) Independent agents 3) Completed operations for a period of two years following the acceptance of Contractor’s Work 4) Broad form contractual liability specifically in support of, but not limited to, the indemnity sections of the Contract Agreement. 5) Broad form property damage. 6) Personal injury liability with employee and contractual exclusions removed 7) Delete exclusions relative to collapse, explosion, and underground property damage hazards. 8) Additional insured endorsement CG 2010 1185 or endorsement with equivalent wording.
BUSINESS AUTO COVERAGE: $1,000,000 combined single limit, each occurrence; bodily injury and property damage This policy shall be on a standard form written to cover all owned, hired, and non-owned automobiles. The policy shall be endorsed to include the Contractor & Owner as additional named insured and shall include a Waiver of Subrogation.
WORKER’S COMPENSATION: – statutory limits Employer’s liability limits: $500,000 each accident $500,000 disease – policy limit $500,000 disease – each employee This policy shall include a Waiver of Subrogation in favor of the Owner and R-BROS CONTRACTORS, LLC
UMBRELLA EXCESS LIABILITY INSURANCE: $1,000,000 per occurrence $1,000,000 aggregate
NOTICE OF CANCELLATION OR CHANGE: If any insurance coverage required above is or is to be canceled or changed in any way so as not to satisfy the requirements above, Subcontractor shall provide, and Subcontractor shall require its Insurer to provide, notice in writing to the Contractor and its agents thirty (30) days in advance of the cancellation or change.
BUILDERS RISK INSURANCE: If Builder’s Risk insurance purchased by Owner or Contractor provides coverage for Subcontractor for loss or damage to Subcontractor’s work, Subcontractor shall be responsible for the insurance policy deductible amount applicable to damage to Subcontractor’s work and/or damage to other work caused by Subcontractor.
R-BROS CONTRACTORS, LLC, 8615 S. 22nd Place Phoenix, Arizona 85042
NEEDS TO BE LISTED AS CERTIFICATE HOLDER & ADDITIONAL NAMED INSURED WITH SPECIFIC PROJECT NOTED.
INSURANCE COMPANY MUST HAVE AN AM BEST RATING OF A7 OR BETTER.
SHOW THE CANCELLATION DATE AS 30 DAYS. PLEASE MAIL AN ADDENDUM ALONG WITH YOUR INS.CERT. SHOWING ANY EXCLUSIONS AND SIGNED BY YOUR AGENT.
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