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BAAQMD FYE 2014 TFCA Funding Agreement <br />Required <br />if marker) <br />ATTACHMENT D <br />INSURANCE REQUIREMENTS <br />Verification of Coverage <br />Project Sponsor shall provide the Air District certificates and/or other evidence of the insurance <br />coverage required below. The Air District reserves the right to require Project Sponsor to <br />provide complete, certified copies of any insurance offered in compliance with these <br />specifications. Certificates, policies and other evidence provided shall specify that the Air <br />District shall receive 30 days advanced notice of cancellation from the insurers. <br />Acceptability of Insurers <br />Insurance is to be placed with insurers with a current A.M. Best's rating of no less than A: VII. <br />The Air District may, at its sole discretion, waive or alter this requirement or accept self- <br />insurance in lieu of any required policy of insurance. <br />Minimum Scope of Insurance <br />Throughout the Term of the Agreement, Project Sponsor shall obtain and maintain in full force <br />and effect the insurance as set forth below. Project Sponsor must initial next to each checked <br />insurance requirement to confirm understanding and Agreement with the applicable Project <br />insurance requirements: <br />1. Liability Insurance <br />x Corporations/Private and Public Entities - a limit of not less than $1,000,000 per <br />Initial occurrence. Such insurance shall be of the type usual and customary to the business of the <br />Project Sponsor, and to the operation of the vehicles, engines or equipment operated by the <br />Project Sponsor. <br />Single Vehicle Owners - a limit of not less than $750,000 per occurrence. Such insurance <br />❑ initial shall be of the type usual and customary to the business of the Project Sponsor, and to the <br />operation of the vehicles, engines or equipment operated by the Project Sponsor. <br />2. Property Insurance <br />❑xRepower and New Vehicle/Equipment Purchase - in an amount of not less than the <br />Initial insurable value of Project Sponsor's vehicles, engines or equipment funded under the <br />Agreement of which this Attachment is a part, and covering all risks of loss, damage or <br />destruction of such vehicles, engines or equipment. <br />Property Insurance for Retrofit Projects — for all 2003 model year or newer vehicles in an <br />Initial amount of not less than the insurable value of Project Sponsor's vehicles, covering all risks <br />of loss, damage or destruction of such vehicles, engines or equipment. <br />3. Workers Compensation Insurance. <br />51Workers Compensation Insurance - as required by California law and employers liability <br />initial insurance with a limit not less than $1 million. <br />TFCA Regional Fund Project 14823 Page 12 <br />