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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, <br /> 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 <br /> 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 <br /> 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 furnish 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. i <br /> Copyright © 2002 National Society of Professional Engineers for EJCDC. All rights reserved. <br /> 00700 - 16 <br />