AgdaPkt 2021.02.08 Joint SA PFA - Laserfiche WebLink

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6.B. - Page 34 of 113 (b) Automobile. Developer (and until the City Building Department signs off on the final inspection of the Project, all contractors and subcontractors working on behalf of Developer on the Project) shall maintain a comprehensive automobile liability coverage in the amount of One Million Dollars ($1,000,000), combined single limit including coverage for owned and non -owned vehicles. Automobile liability policies shall name the Indemnitees as additional insureds. (c) Worker' s Compensation, Employer's Liability_. Developer shall furnish to City evidence satisfactory to City that Developer (if it has any employees) and any contractor or subcontractor with whom Developer or the general contractor has contracted for the performance of work on the Property or otherwise pursuant to this Agreement, carries statutory Workers' Compensation insurance and Employer's Liability insurance in a minimum amount of One Million Dollars ($1,000,000) per accident. (d) Builder's Risk. Upon commencement of construction work and continuing until the City Building Department signs off on the final inspection of the Project, Developer and all contractors working on behalf of Developer shall maintain a policy of builder's all-risk insurance in an amount not less than the full insurable cost of the Project on a replacement cost basis with City named as lender' s loss payee. (e) Professional Liability/Errors and Omissions. Developer shall require the Project architect, engineer, and general contractor to maintain Professional Liability /Errors and Omissions ("E&O") insurance with limits not less than Two Million Dollars ($2,000,000) each claim. Certificates evidencing this coverage must reference both the Developer and the Indemnitees. If the professional liability/errors and omissions insurance is written on a claims made form: (i) the retroactive date must be shown and must be before the Effective Date, (ii) insurance must be maintained and evidence of insurance must be provided for at least three (3) years after completion of Project construction, and (iii) if coverage is cancelled or non -renewed and not replaced with another claims made policy form with a retroactive date prior to the Effective Date, Developer must purchase, or require the provision of, extended period coverage for a minimum of three (3) years after completion of construction. (f) Property. Commencing upon completion of construction of the Project, Developer or the Homeowners ' Association shall maintain property insurance covering all risks of loss (including flood (if required)) for 100% of the replacement value of the Project with deductible, if any, in an amount acceptable to City, naming City as lender's loss payee as its interests may appear. (g) Insurance Providers. Companies writing the insurance required hereunder shall be licensed to do business in the State of California. Insurance shall be placed with insurers with a current A.M. Best's rating of no less than A: VII. (h) Evidence of Insurance, Endorsements, Policies. Prior to the Effective Date of this Agreement, Developer shall furnish City with certificates of insurance in form acceptable to City evidencing the required insurance coverage required under paragraphs (a), (b), (c), (e), and (t) above, duly executed endorsements evidencing the Indemnitees' status as additional insured (except for E&O and Workers' Compensation policies), and all other endorsements and REV: 01-22-21 PR 47 ATTY/AGR.2020.305/Habitat for Humanity Greater San Francisco (Grant Agreement w/ Exhibits) (Page 30 of 109)