Pivotal Point LLLP/Everett Housing Authority 7/7/2025

• No coinsurance or coinsurance offset by,an Agreed Amount Endorsement • Ordinance&Law Coverage(See Section C.for coverage requirements). • The maximum deductible is$10,000 per occurrence. • Windstorm, earthquake, and flood exclusions are generally acceptable exclusions provided that a separate policy is obtained for these risks. See Section C. for details regarding coverage requirements for these separate perils. 3. General Contractor's General Liability and Excess/Umbrella Liability Insurance: The General Contractor shall provide the following insurance coverages: A) Commercial General Liability Insurance: The General Contractor (and each prime contractor having a direct contract with the Company) shall provide Commercial General Liability Insurance covering claims for bodily injury, property damage and personal injury arising out of the Contractor'operations,independent contractors,and products/completed operations. • Coverage limits of the construction exposure class shall be in an amount not less than$5 million combined single limits (per occurrence / per project aggregate). This requirement can be met through any combination of primary and excess insurance, such as the standard $1 million/$2 million primary with$4 million/$4 million umbrella.. If the primary coverage applies to other locations or activities,then the primary aggregate must apply to each insured location separately. • $1 million per occurrence /$2 million general aggregate shall be required for prime contractors other than the GC. If the primary coverage applies to other locations or activities, then the primary general aggregate must apply to each insured project separately. B) Pollution/Environmental Coverage Insurance: Providing defense and indemnity coverage for bodily injury, property damage and environmental investigation and clean-up costs for pollution conditions. Coverage limits of the construction exposure class shall be in an amount not less than$1 million combined single limits(per occurrence/per location and in the aggregate). C) Automobile Liability Insurance: Commercial Automobile Liability with coverage for owned,hired,and non-owned autos with no less than S1 million combined single limit per occurrence. D) Workers' compensation and Employers' Liability Insurance: Coverage shall be in statutory amounts with Employers Liability limits of$1 million bodily injury by accident for each accident, bodily injury by disease for each employee and policy limit for bodily injury by disease ($500,000 fallback). E) Payment and Performance Bonds:The Construction Contract must be secured by one of the following: • A letter of credit in an amount not less than fifteen(15%)of the Construction Contract amount,or • 100%payment and performance bonds in a form and substance acceptable to the SM,or • Each major subcontractor, as identified by the SM, being bonded in a form and substance acceptable to the SM. 4. Construction Manager's Commercial General Liability Insurance (If applicable): If a construction manager is utilized, Commercial General Liability Insurance is to be and the amount of coverage shall be no less than S500,000 combined single limits. $500,000 combined single limits Automobile Liability (including coverage for liability assumed under contract), statutory Workers' Compensation and$500,000 Employers'Liability shall also be maintained. 5. Architect's & Engineer's Professional Liability /Errors & Omissions Insurance: Professional Liability (E & 0) Insurance shall be provided covering each professional entity for the greater of $500,000 or 10%of the construction contract amount each claim and in the aggregate($1 million or 10% for high-rises), in a form satisfactory to the Investor. Coverage shall remain in effect for three years from acceptance of the Project by Owner. • Comprehensive General Liability insurance with a minimum of$500,000 in combined single limits shall be provided. C. Insurance to be Obtained Upon Completion(or on Existing Buildings)&Maintained Thereafter Commencing from the earliest of(i) Receipt of final Certificates of Occupancy for all buildings in the Property, (ii) Final Construction Completion or(iii)the lapse in Builders Risk Coverage; and continuing until no longer required by the SM,the Company shall maintain the following insurance coverage: