|
sion regarding professional liability) Owner and
<br />Engineer, and any other individuals or entities
<br />identified in the Supplementary Conditions, all of
<br />whom shall be listed as additional insureds, and
<br />include coverage for the respective officers, directors,
<br />partners, employees, agents, consultants and
<br />subcontractors of each and any of all such additional
<br />insureds, and the insurance afforded to these addi-
<br />tional insureds shall provide primary coverage for all
<br />claims covered thereby;
<br />2. include at least the specific coverages and be
<br />written for not less than the limits of liability provid-
<br />ed in the Supplementary Conditions or required by
<br />Laws or Regulations, whichever is greater;
<br />3. include completed operations insurance;
<br />4. include contractual liability insurance covering
<br />Contractor's indemnity obligations under Paragraphs
<br />6.11 and 6.20;
<br />5. contain a provision or endorsement that the
<br />coverage afforded will not be canceled, materially
<br />changed or renewal refused until at least 30 days
<br />prior written notice has been given to Owner and
<br />Contractor and to each other additional insured
<br />identified in the Supplementary Conditions to whom
<br />a certificate of insurance has been issued (and the
<br />certificates of insurance furnished by the Contractor
<br />pursuant to Paragraph 5.03 will so provide);
<br />6. remain in effect at least until final payment and
<br />at all times thereafter when Contractor may be
<br />correcting, removing, or replacing defective Work in
<br />accordance with Paragraph 13.07; and
<br />7. with respect to completed operations insurance,
<br />and any insurance coverage written on a claims -made
<br />basis, remain in effect for at least two years after final
<br />payment.
<br />a. Contractor shall furnish Owner and each other
<br />additional insured identified in the Supple-
<br />mentary Conditions, to whom a certificate of
<br />insurance has been issued, evidence satisfactory
<br />to Owner and any such additional insured of
<br />continuation of such insurance at final payment
<br />and one year thereafter.
<br />5.05 Owner's Liability Insurance
<br />A. In addition to the insurance required to be provided by
<br />Contractor under Paragraph 5.04, Owner, at Owner's
<br />option, may purchase and'maintain at Owner's expense
<br />Owner's own liability insurance as will protect Owner
<br />against claims which may arise from operations under the
<br />Contract Documents.
<br />5.06 Property Insurance
<br />A. Unless otherwise provided in the Supplementary
<br />Conditions, Owner shall purchase and maintain property
<br />insurance upon the Work at the Site in the amount of the
<br />full replacement cost thereof (subject to such deductible
<br />amounts as may be provided in the Supplementary
<br />Conditions or required by Laws and Regulations). This
<br />insurance shall:
<br />1. include the interests of Owner, Contractor,
<br />Subcontractors, and Engineer, and any other
<br />individuals or entities identified in the Supplementary
<br />Conditions, and the officers, directors, partners,
<br />employees, agents, consultants and subcontractors of
<br />each and any of them, each of whom is deemed to
<br />have an insurable interest and shall be listed as an
<br />insured or additional insured;
<br />2. be written on a Builder's Risk "all-risk" or open
<br />peril or special causes of loss policy form that shall at
<br />least include insurance for physical loss or damage to
<br />the Work, temporary buildings, false work, and
<br />materials and equipment in transit, and shall insure
<br />against at least the following perils or causes of loss:
<br />fire, lightning, extended coverage, theft, vandalism
<br />and malicious mischief, earthquake, collapse, debris
<br />removal, demolition occasioned by enforcement of
<br />Laws and Regulations, water damage, (other than
<br />caused by flood) and such other perils or causes of
<br />loss as may be specifically required by the
<br />Supplementary Conditions;
<br />3. include expenses incurred in the repair or
<br />replacement of any insured property (including but
<br />not limited to fees and charges of engineers and
<br />architects);
<br />4. cover materials and equipment stored at the Site
<br />or at another location that was agreed to in writing by
<br />Owner prior to being incorporated in the Work,
<br />provided that such materials and equipment have
<br />been included in an Application for Payment
<br />recommended by Engineer;
<br />5. allow for partial utilization of the Work by
<br />Owner;
<br />6. include testing and startup; and
<br />7. be maintained in effect until final payment is
<br />made unless otherwise agreed to in writing by
<br />Owner, Contractor, and Engineer with 30 days
<br />written notice to each other additional insured to
<br />whom a certificate of insurance has been issued.
<br />B. Owner shall purchase and maintain such boiler and
<br />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 © 2002 National Society of Professional Engineers for EJCDC. All rights reserved.
<br />00700-16
<br />
|