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Insurance Requirements
Connecting the Heartland

 Insurance

Requirements

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 Contractors Insurance Requirements

  • Acceptable certificate(s) of insurance and policy endorsements, as specified below, showing that Contractor’s insurance coverages are in compliance with the insurance requirements set forth below, must accompany the proposal. WFEC shall have the right at any time to require insurance limits greater than those stated below, or to require other changes in insurance coverages, and only in such event shall the premium or premiums, payable solely as the result of such additional insurance requirements, be added to the Contract price.

  • The Contractor shall maintain, at its own expense, throughout the Contract and any extensions thereof, the insurance coverages of the types and in the minimum amounts described below. All coverages shall provide for payment of defense costs. Failure by Contractor to maintain any required insurance coverages shall be deemed to be a material breach of the terms of this Contract. In all cases where excess or umbrella liability policies are used in order to meet the minimum required levels of coverage, the coverage provisions of such excess or umbrella liability policies must exceed or follow form of the underlying policies.

  • Workers’ compensation and employers' liability insurance, as required by law, covering all of its employees who perform any of the obligations of the Bidder under the contract.  If any employer or employee is not subject to the workers' compensation laws of the governing state, then insurance shall be obtained voluntarily to extend to the employer and employee coverage to the same extent as though the employer or employee were subject to the workers' compensation laws.

  • Public liability insurance covering all operations under the contract shall have limits for bodily injury or death of not less than $2 million each occurrence, limits for property damage of not less than $2 million each occurrence, and $2 million aggregate for accidents during the policy period.  A single limit of $2 million of bodily injury and property damage is acceptable.  This required insurance may be in a policy or policies of insurance, primary and excess including the umbrella or catastrophe form.

  • Automobile liability insurance on all motor vehicles used in connection with the contract, whether owned, non-owned, or hired, shall have limits for bodily injury or death of not less than $2 million per person and $2 million each occurrence, and property damage limits of $2 million for each occurrence.  A single limit of $2 million of bodily injury and property damage is acceptable.  This required insurance may be in a policy or policies of insurance, primary and excess including the umbrella or catastrophe form.  With respect to the Work, this insurance shall apply as primary and non-contributory insurance with respect to any other insurance or self-insurance programs afforded to the Owner and Owner’s consultants.  The Bidder shall waive all rights of subrogation against the Owner and Owner’s consultants for recovery of damages to the extent these damages are covered by the required Commercial General Liability (“CGL”) insurance.  If the Bidder’s CGL policy does not contain the standard Insurance Services Office (“ISO”) separation of insured’s provision, or a substantially similar clause, the policy shall be endorsed to provide cross-liability coverage. Bidder shall provide Completed Operations Liability (“COL”) with a limit of $2,000,000 each occurrence and in the aggregate for the full period of this contract and for two (2) years following Completion of Construction.

  • The Owner shall have the right at any time to require public liability insurance and property damage liability insurance greater than those required in subsection “b” and “c” of this Section. In any such event, the additional premium or premiums payable solely as the result of such additional insurance shall be added to the Contract price.

  • The Owner shall be named as Additional Insured on all policies of insurance required in subsections “a” and “b” of this Section.  Winning Bidder shall have five (5) days from date of notice of award to provide a Certificate of Insurance (“COI”) to Owner via email to procurement after bid acceptance.  The COI shall reflect, at a minimum, the amounts required herein, and shall have WFEC listed as an Additional Insured. 

  • All Bidder-provided insurance policies shall be written with insurers that are licensed to write insurance coverage in the state of Oklahoma and who have an AM Best policyholder service rating of A or better at all times during the Work. Owner may require Bidder to provide replacement coverage from a qualifying insurer, should the insurer fail to continue to meet these requirements. The policies of insurance shall be in such form and issued by such insurer as shall be satisfactory to the Owner. The Bidder shall furnish the Owner a certificate evidencing compliance with the foregoing requirements which shall provide not less than (30) days prior written notice to the Owner of any cancellation or material change in the insurance.