INSURANCE AND BOND REQUIREMENTS
FOR: [describe project]
The Contracting party shall procure and maintain for the duration of the contract insurance and
bonds against
claims or liability which arises out of or in connection with the performance of the work
hereunder by the
Contracting party, his agents, representatives, employees or subcontractors. The cost of such
insurance and
bonds shall be included in the Contracting party's bid or proposal.
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MINIMUM LIMITS OF INSURANCE
Contracting party shall maintain limits not less than:
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GENERAL LIABILITY:
$2,000,000 combined single limit per occurrence, personal injury and
property damage, $3,000,000 aggregate. Broad Form Commercial General Liability is required. (ISO
1993 or better) to include Products - Comp/OP aggregate of $3,000,000. Limits to apply to this
project
individually".
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PROFESSIONAL LIABILITY:
$1,000,000 per occurrence, $2,000,000 aggregate
coverage is required.
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AUTOMOBILE LIABILITY:
$1,000,000 per occurrence. "Any Auto" coverage is required.
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WORKERS' COMPENSATION and EMPLOYERS LIABILITY:
Workers' Compensation
statutory limits as required by the Workers Compensation Act ofthe State ofUtah and Employers
Liability limits at a minimum of$1,OOO,OOO per occurrence.
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PAYMENT and PERFORMANCE BONDS:
Ifthis is a construction contract, Contracting party
shall provide payment and performance bonds in a form acceptable to the City and in the full
amount of
the contract.
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DEDUCTffiLES AND SELF-INSURED RETENTIONS
Any deductibles or self-insured retention exceeding 5% ofthe policy limits must be declared to
and
approved by Logan City. At the option of Logan City, either (I) the insurer may be required to
reduce
or eliminate such deductibles or self-insured retention as respects Logan City, its officers,
officials and
employees; or (2) the Contracting party may be required to procure a bond guaranteeing payment of
losses and related investigations, claim distribution and defense expenses.
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NOTICE OF INCIDENT OR ACCIDENT
Contracting party shall agree to promptly disclose to Logan City, all incidents or occurrences of
accident, injury, and/or property damage covered by the insurance policy or policies.
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OTHER INSURANCE PROVISIONS
The policies are to contain, or be endorsed to contain, the following provisions:
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General Liability and Automobile Liability Coverages
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Logan City. its officers, officials, employees and volunteers are to be covered as an
additional insureds as respects: liability arising out of activities performed by or on
behalfof
the contracting party; products and completed operations ofthe Contracting party; premises
owned, leased, hired or borrowed by the Contracting party. The coverage shall contain no
special limitations on the scope ofprotection afforded to Logan City, its officers, officials,
employees or volunteers.
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The Contracting party's insurance coverage shall be a primary insurance as respects to Logan
City, its officers, officials, employees and volunteers. Any insurance or self-insurance
maintained by Logan City, its officers, officials, employees or volunteers shall be in excess
of
the Contracting party's insurance and shall not contribute with it.
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Any failure to comply with reporting provisions ofthe policies shall not affect coverage
provided to Logan City, its officers, officials, employees or volunteers.
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The Contracting party's insurance shall apply separately to each insured against whom claim
is made or suit is brought, except with respects to the limits ofthe insurer's liahility.
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All Coverages
Each insurance policy required by this clause shall be endorsed to state that coverage shall not
be
suspended, voided, canceled by either party. reduced in coverage or in limits except after
thirty (30)
days' prior written notice by certified mail, return receipt requested, has been given to Logan
City.
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ACCEPTABILITY OF INSURERS
Insurance and bonds are to be placed with insurers admitted in the State ofUtah with an A. M.
Best
rating ofnot less than A-: IX, and in the limits as listed in this document, unless approved by
the City's
Risk Manager.
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VERIFICATION OF COVERAGE
Contracting party shall furnish Logan City with certificates ofinsurance and with original
endorsements
effecting coverage required by this clause. The certificates and endorsements are to be signed by
a
person authorized by that insurer to bind coverage on its behalf. The certificates and
endorsements are
to be on forms acceptable to Logan City before work commences. Logan City reserves the right to
require complete, certified copies of all required insurance policies, with all endorsements, at
any time.
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SUBCONTRACTORS
Contracting party shall include all subcontractors as insureds under its policies or shall
furnish separate
certificates and endorsements for each subcontractor. All coverages for subcontractors shall be
subject
to all of the requirements stated herein.
ROW Application