by Girard R. Visconti
The following is a checklist for insurance coverages which we suggest you review with your insurance carrier. They are as follows:
- Workers’ Compensation Insurance – Coverage complying with the law of the state in which the project is located and Employer’s Liability insurance with a limit of $500,000 each accident, $500,000 by disease each employee and $500,000 by disease policy limit including: If watercraft is used by contractor in connection with performance of any contractor’s Work, USL&H and Maritime endorsements, plus an endorsement to treat claims “In Rem” as a claim against the employer will be attached to policy.
- Comprehensive Automobile Liability Insurance – $1,000,000 combined single limit of liability for bodily injuries, death and property damage resulting from any one occurrence, including all owned, hired and non-owned vehicles. If employees use personal vehicles for business related activities and get into an accident, your organization may be held liable. It is critical to have non-owned automobile liability insurance that can provide a number of key benefits.
- Commercial General Liability Insurance with the following limits:
General Aggregate: $2,000,000
Products/completed Operations: $2,000,000
Personal and Advertising Injury: $1,000,000
Each Occurrence: $1,000,000
Fire Legal Liability (“damage to rented premises”): $100,000
Medical Expense: $25,000 - Professional Liability with a minimum sum of $1,000,000 (if applicable).
- Pollution Insurance, if applicable, $2,000,000 (if applicable).
- Umbrella (Excess) Liability Insurance – Umbrella Liability with limits of not less than $5,000,000 to be excess of the applicable provisions noted in Section 8.3. Such occurrence shall be at least as broad as the primary coverages noted in Section 8.3, with any excess umbrella layers written on a strict following form basis over the primary umbrella. All such policies shall be endorsed to provide defense coverage obligations.
- With respect to contractor’s operations, contractor shall purchase, maintain and pay for all-risk contractor’s equipment floater on all machinery, tools, equipment and other similar property in an amount at least equal to their fair market value and any deductible shall be for the account of contractor. This insurance coverage shall be the sole and complete means of recovery for any loss covered by such insurance.
Please review all insurance coverage that may be specific to your scope of work on various projects with your insurance agent. You should also check your insurance certificates to make sure that all applicable coverage is maintained.
Girard R. Visconti
Girard R. Visconti, Esq. is partner at Savage Law Partners, LLP.
