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Sion regarding professional liability) Owner and 5 .06 Property Insurance
<br /> Engineer, and any other individuals or entities
<br /> identified in the Supplementary Conditions, all of A. Unless otherwise provided in the Supplementary
<br /> whom shall be listed as additional insureds, and Conditions, Owner shall purchase and maintain property
<br /> include coverage for the respective officers, directors, insurance upon the Work at the Site in the amount of the
<br /> partners, employees, agents, consultants and full replacement cost thereof (subject to such deductible
<br /> subcontractors of each and any of all such additional amounts as may be provided in the Supplementary
<br /> insureds, and the insurance afforded to these addi- Conditions or required by Laws and Regulations). This
<br /> tional insureds shall provide primary coverage for all insurance shall :
<br /> claims covered thereby ;
<br /> 1 . include the interests of Owner, Contractor,
<br /> 2. include at least the specific coverages and be Subcontractors, and Engineer, and any other
<br /> written for not less than the limits of liability provid- individuals or entities identified in the Supplementary
<br /> ed in the Supplementary Conditions or required by Conditions, and the officers, directors, partners,
<br /> Laws or Regulations, whichever is greater; employees, agents, consultants and subcontractors of
<br /> each and any of them, each of whom is deemed to
<br /> 3 . include completed operations insurance; have an insurable interest and shall be listed as an
<br /> insured or additional insured;
<br /> 4. include contractual liability insurance covering
<br /> Contractor's indemnity obligations under Paragraphs 2 . be written on a Builder's Risk "all-risk" or open
<br /> 6. 11 and 6.20; peril or special causes of loss policy form that shall at
<br /> least include insurance for physical loss or damage to
<br /> 5 . contain a provision or endorsement that the the Work, temporary buildings, false work, and
<br /> coverage afforded will not be canceled, materially materials and equipment in transit, and shall insure
<br /> changed or renewal refused until at least 30 days against at least the following perils or causes of loss :
<br /> prior written notice has been given to Owner and fire, lightning, extended coverage, theft, vandalism
<br /> Contractor and to each other additional insured and malicious mischief, earthquake, collapse, debris
<br /> identified in the Supplementary Conditions to whom removal , demolition occasioned by enforcement of
<br /> a certificate of insurance has been issued (and the Laws and Regulations, water damage, (other than
<br /> certificates of insurance furnished by the Contractor caused by flood) and such other perils or causes of
<br /> pursuant to Paragraph 5 .03 will so provide); loss as may be specifically required by the
<br /> Supplementary Conditions;
<br /> 6. remain in effect at least until final payment and
<br /> at all times thereafter when Contractor may be 3 . include expenses incurred in the repair or
<br /> correcting, removing, or replacing defective Work in replacement of any insured property (including but
<br /> accordance with Paragraph 13 .07; and not limited to fees and charges of engineers and
<br /> architects);
<br /> 7. with respect to completed operations insurance,
<br /> and any insurance coverage written on a claims-made 4. cover materials and equipment stored at the Site
<br /> basis, remain in effect for at least two years after final or at another location that was agreed to in writing by
<br /> payment. Owner prior to being incorporated in the Work ,
<br /> provided that such materials and equipment have
<br /> a. Contractor shall famish Owner and each other been included in an Application for Payment
<br /> additional insured identified in the Supple- recommended by Engineer;
<br /> mentary Conditions, to whom a certificate of
<br /> insurance has been issued, evidence satisfactory 5 . allow for partial utilization of the Work by
<br /> to Owner and any such additional insured of Owner;
<br /> continuation of such insurance at final payment
<br /> and one year thereafter. 6. include testing and startup; and
<br /> 5 .05 Owner 's Liability Insurance 7. be maintained in effect until final payment is
<br /> made unless otherwise agreed to in writing by
<br /> A . In addition to the insurance required to be provided by Owner, .Contractor, and Engineer with 30 days
<br /> Contractor under Paragraph 5 .04, Owner, at Owner's written notice to each other additional insured to
<br /> option, may purchase and maintain at Owner's expense whom a certificate of insurance has been issued.
<br /> Owner's own liability insurance as will protect Owner
<br /> against claims which may arise from operations under the B . Owner shall purchase and maintain such boiler and
<br /> Contract Documents. machinery insurance or additional property insurance as
<br /> may be required by the Supplementary Conditions or
<br /> Laws and Regulations which will include the interests of
<br /> Owner, Contractor, Subcontractors, and Engineer, and
<br /> EJCDC C-700 Standard General Conditions of the Construction Contract.
<br /> Copyright 0 2002 National Society of Professional Engineers for EJCDC. All rights reserved.
<br /> 00700 - 16
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