Laserfiche WebLink
ATTACHMENT 2 <br /> Insurance Requirements. PACE Provider shall maintain insurance as required by this <br /> contract to the fullest amount allowed by law and shall maintain insurance for a period <br /> of five (5)years following the completion of this project. PACE Provider shall provide a <br /> copy of section 21 of this contract and these insurance requirements to its insurance <br /> broker or insurer to confirm compliance. In the event PACE Provider fails to obtain or <br /> maintain completed operations coverage as required by this agreement,ABAG, at its <br /> sole discretion, may purchase the coverage required and the cost will be paid by PACE <br /> Provider. The limits of insurance required in hereunder may be satisfied by a <br /> combination of primary and umbrella or excess insurance.Any umbrella or excess <br /> insurance shall contain or be endorsed to contain a provision that such coverage shall <br /> also apply on a primary and non-contributory basis for the benefit of the Indemnitees (if <br /> agreed to in a written contract or agreement) before the any Indemnitee's own <br /> Insurance or self-insurance shall be called upon to protect it as a named insured. <br /> (a) Minimum Scope of Insurance. Coverage shall be at least as broad as: <br /> Insurance Services Office Commercial General Liability coverage <br /> (occurrence Form CG 0001). <br /> Insurance Services Office Form Number CA 0001 covering Automobile Liability, Code 1 <br /> (any auto). <br /> Workers' Compensation insurance as required by the State of California and Employer's <br /> Liability Insurance. <br /> Errors and Omissions Liability insurance appropriate to the PACE Provider's profession. <br /> Architects' and engineers' coverage is to be endorsed to include contractual liability. <br /> (b) Minimum Limits of Insurance. PACE Provider shall maintain limits no less than: <br /> General Liability: $1,000,000 per occurrence for bodily injury, personal injury and <br /> property damage. If Commercial General Liability Insurance or other form with a <br /> general aggregate limit is used, either the general aggregate limit shall apply separately <br /> to this project/location or the general aggregate limit shall be twice the required <br /> occurrence limit. <br /> Automobile Liability: $1,000,000 per accident for bodily injury and property damage. <br /> Employer's Liability: $1,000,000 per accident for bodily injury or disease. <br /> Errors and Omissions Liability: $1,000,000 per claim/aggregate. <br /> (c) Deductibles and Self-Insured Retentions. Any deductibles or self-insured retentions <br /> must be declared to and approved by ABAG.The insurer shall reduce or eliminate such <br /> Agreement For Collaborative Services for Pace Financing Marketplace—[PACE Provider] <br />