8592-12 Accept funds from RTA for enhanced transit waiting environment

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without limitation, insurance against the perils of fire (with extended coverage) and physical loss or damage including, without duplication of coverage, theft, vandalism, malicious mischief, debris removal including demolition occasioned by enforcement of any applicable legal requirements. This property insurance shall apply to loss or damage to work or property during the course of construction, including all machinery, materials & supplies intended to become a part of the finished work. It shall cover portions of the Work stored off the site, and also portions of the Work in transit. Partial occupancy or use shall not commence until the insurance company or companies providing property insurance have consented to such partial occupancy or use. The Owner and the Contractor shall take reasonable steps to obtain consent of the insurance company and shall, without mutual written consent, take no action with respect to partial occupancy or use that would cause cancellation, lapse or reduction of insurance. e. Professional Liability /Errors & Omissions Insurance in the amount of $1 million per claim. The definition of wrongful acts must be applicable to the work performed hereunder. As this insurance is written on a claims-made basis, the policy must be maintained for a minimum of two years following completion of the work. f. General Requirements: Neither CITY nor any subcontractor shall commence work herein until it has obtained the required insurance and has received written approval of such insurance from GCRTA. CITY shall furnish evidence of such insurance for itself and each of its subcontractors at all tiers in the form of a certificate prior to commencement of any work. (Accord or similar form}. The certificate shall provide the following: • In the event the insurance should be materially changed or cancelled, such material change or cancellation shall not be effective until 30 days after the contracting parties have received written notice of such change or cancellation from the insurance company. Such notice shall be mailed by certified mail, return receipt requested, to the GCR7A's Director of Procurement. • Name the GCRTA, as Additional Insured for coverage required under a. and b. above, for claims arising out of operations in conjunction with the contract. • Contain a waiver of subrogation in favor of GCRTA Specific reference to the subject contract. • Specific reference to all deductibles & Setf-Insured Retentions (SIR). • Shall be primary and non-contributing to any insurance possessed or procured by GCRTA, and any insurance or self-insurance program maintained by any of the foregoing. • An insurance company having less than an A- X rating by The A. M. Best Company will not be considered acceptable. All certificates are subject to acceptance GCRTA. GCRTA shall be entitled to receive a full copy of the insurance policy(ies) upon request and reserves the right to review financial statements and approve any deductibles or self-insured retention (SIR). Any deductible or SIR is for the account of CITY. g. Approval of the insurance by GCRTA shall not relieve or decrease the liability of the CITY or subcontractors hereunder. it is to be understood chat GCRTA does not in any way represent that the insurance or the limits of insurance specified herein are sufficient or adequate to protect CITY or subcontractors' interests or liabilities. Should the