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1 <br /> acknowledges that Contractor maypayitspremium on a monthlybasis,bas s,and may not be able to provide <br /> complete evidence of payment of premiums until the final premium is paid. <br /> 15.3.14 Coverages and Limits <br /> The insurance shall provide the minimum coverages and limits set forth below. Owner does not warrant <br /> or represent that such coverages and limits are appropriate or adequate to protect the Contractor. <br /> Providing coverage in these stated minimum limits shall not be construed to relieve the Contractor from <br /> liability in excess of such limits. All deductibles must be disclosed and are subject to approval by the <br /> Owner. The cost of any claim payments falling within the deductible shall be the sole responsibility of <br /> the Contractor. <br /> 15.3.14.1 CGL <br /> A policy of Commercial General Liability Insurance,written on an insurance industry standard <br /> occurrence form: (CG 00 01)or equivalent, including all the usual coverage known as: <br /> - Per Project aggregate endorsement(CG2503) <br /> - Premises/Operations Liability , <br /> - Products/Completed Operations—for a period of one year following Final Acceptance. <br /> - Personal/Advertising Injury <br /> - Contractual Liability <br /> - Independent Contractors Liability <br /> - Stop Gap or Employers Contingent Liability <br /> - Explosion, Collapse,or Underground(XCU),(as applicable)* <br /> - Liquor Liability/Host Liquor Liability(as applicable)* I <br /> - Fire Damage Legal <br /> - Blasting(as applicable)* <br /> *These coverages are only required when the Contractor's Work under this agreement includes <br /> exposures to which these specified coverage respond. <br /> If the Contract requires working over water,the following additional coverages are required: , <br /> a. Watercraft,owned and non-owned <br /> b. U.S. Harborworkers'/Longshoremen and Jones Act <br /> 15.3.14.2 Builders' Risk <br /> The Contractor shall procure and maintain during the life of the Contract,or until acceptance of the <br /> project by Owner,whichever is longer,"All Risk"Builders Risk or Installation Floater Insurance at least <br /> as broad as ISO form number CP0020(Builders Risk Coverage Form)with ISO form number CP0030 <br /> (Causes of Loss—Special Form)including coverage for collapse,theft,off-site storage and property in <br /> transit. The coverage shall insure for direct physical loss to property of the entire construction project,for <br /> 100%of the replacement value thereof and include earthquake. The policy shall be endorsed to cover the <br /> interests,as they may appear,of the Owner, Contractor and subcontractors of all tiers with the Owner and <br /> sub-contractors listed as a Named Insured. In the event of a loss to any or all of the work and/or materials <br /> therein and/or to be provided at any time prior to the final close-out of the Contract and acceptance of the <br /> project by the Owner,the Contractor shall promptly reconstruct,repair,replace or restore all work and/or <br /> materials so destroyed.Nothing herein provided for shall in any way excuse the Contractor or its surety <br /> from the obligation of furnishing all the required materials and completing the work in full compliance I <br /> with the terms of the Contract. <br /> I <br /> General Conditions—007200-54 <br /> I <br />