ATTACHMENT A – INSURANCE REQUIREMENTS
INSURANCE REQUIREMENTS - Proof of insurance is required before the
issuance of
the Permit.
The Permittee shall provide evidence of coverage in the form of a certificate of insurance
with a carrier or carriers satisfactory to Haines Borough covering injury to persons and/or property
suffered by the Borough or a third party, as a result of operations under this permit by the Permittee
or by any subcontractor. This coverage will also provide protection against injuries to all employees
of the Permittee. Insurance carriers providing coverage shall have an “A.M. Best rating” of at least
an “A-VII”. During the performance of work under this contract, the Permittee shall maintain the
approved insurance in force at all times. The Permittee shall provide, as a minimum, the following
insurance:
Commercial General Liability Insurance: Such insurance shall cover all operations by, or on
behalf of, the Permittee providing insurance for bodily injury and property damage liability
including coverage for premises and operations, products and completed operations, contractual
liability, broad form property damage, and personal injury liability. Coverage shall be written on an
occurrence based form. The minimum limits of liability shall be:
•
$1,000,000 each occurrence for General Liability and Products/Completed Operations
•
$1,000,000 for Personal Injury/Advertising Liability
•
$2,000,000 Aggregate for Products/Completed Operations
•
$2,000,000 General Aggregate
Business Automobile Insurance: $1,000,000 per accident combined single
limit
covering owned, non- owned and hired automobiles.
The Haines Borough shall be named as an Additional Insured under
all liability coverage’s
listed above. The certificate must state, “The Haines Borough shall be named
as Additional
Insured with respect to any and all work performed for the Borough.”
Workers’ Compensation Insurance: Permittee, if subject to the provisions of the Alaska
Workers’ Compensation Act (AS 23.30), will provide with this application proof, furnished by the
insurance carrier, of current coverage for workers’ compensation with an insurance company or
association authorized to transact such business in the State of Alaska, or an approved current
certification of self-insurance by the Alaska Workers’ Compensation Board. Permittee further
acknowledges and agrees that in the event it fails to maintain proper workers’ compensation
coverage, the State will implement the provisions of AS 23.30.045(c), at its option, may terminate
this permit for cause without liability.
The coverage shall include Employer’s Liability Protection in the amount of:
•
$100,000 per accident,
•
$500,000 policy limit, and
•
$100,000 each employee.