O-1992-1853 - Laserfiche WebLink

Browse Search

. . 2.02 Evidence of Insurance: Evidence of the insurance coverage required to be maintained by the Indemnitor under this Agreement, represented by Certificates of Insurance issued by the insurance carrier, must be furnished to the Indemnitees prior to Indemnitor commencing the Work. Such Certificates of Insurance shall specify the additional insured status required by this Agreement, waivers of subrogation, that all broad form general liability coverages are provided and other requirements set forth in this Agreement, and shall state that the Indemnitees will be notified in writing thirty (30) days prior to the cancellation, change, reduction in coverage, or non-renewal of such insurance at Indemnitees' address set forth on the first page of the Agreement. Indemnitor shall provide to Indemnitees a certified copy of any and all applicable insurance policies upon request of Indemnitees. Renewal policies, if necessary, shall be delivered to Indemnitees at least ten (10) days prior to the expiration of the previous policy. None of the requirements contained herein as to types, limits or Indemnitees' approval of insurance coverage to be maintained by Indemnitor is intended to and shall not in any manner limit, qualify or quantify the liabilities and obligations assumed by Indemnitor under the Contract Documents or otherwise provided by law. In the event of any failure by Indemnitor to comply with the provisions of this Agreement, Indemni tees may, without in any way compromising or wai ving any right or remedy at law or in equity, on notice to Indemni tor, purchase such insurance, at Indemnitor I s expense, provided that Indemnitees shall have no obligation to do so and if Indemnitees shall do so, Indemnitor shall not be relieved of or excused from the obligation to obtain and maintain such insurance amounts and coverages. 2.03 Subcontractor's Insurance: Insurance similar to that required of Indemnitor shall be provided by all subcontractors (or provided by Indemnitor on behalf of subcontractors) to cover their operations performed under the Contract Documents. Indemni tor shall be held responsible for any modification in these insurance requirements as they apply to subcontractors. Indemnitor shall maintain Certificates of Insurance from all subcontractors, enumerating, among other things, the wai vers in favor of, and insured status of, the Indemnitees, as required herein, and make them available to Indemnitees upon request. The term "subcontractor(s)" for the purposes of this Agreement shall include subcontractors of any tier. 2.04 Release and Waiver: Indemnitor hereby releases, and shall cause its subcontractors to release, Indemni tees and the other Indemnitees from any and all claims or causes of action whatsoever which Indemnitor and/or its subcontractors might otherwise now or hereafter possess resulting in or from or in any way connected with any loss covered or which should have been covered by insurance, including the deductible portion thereof, maintained and/or required to be maintained by Indemnitor and/or its subcontractors