Agmt 2014 Bay Area Air Quality Management District BAAQMD

Home

. , ' BAAQMD FYE 2014 TFCA Funding Agreement ATTACHMENT D INSURANCE REQUIREMENTS Verification of Coverage • Project Sponsor shall provide the Air District certificates and/or other evidence of the insurance coverage required below. The Air District reserves the right to require Project Sponsor to provide complete, certified copies of any insurance offered in compliance with these specifications. Certificates,policies and other evidence provided shall specify that the Air District shall receive 30 days advanced notice of cancellation from the insurers. Acceptability of Insurers Insurance is to be placed with insurers with a current A.M. Best's rating of no less than A: VII. The Air District may,at its sole discretion,waive or alter this requirement or accept self- insurance in lieu of any required policy of insurance. Minimum Scope of Insurance Throughout the Term of the Agreement, Project Sponsor shall obtain and maintain in full force and effect the insurance as set forth below. Project Sponsor must initial next to each checked insurance requirement to confirm understanding and Agreement with the applicable Project insurance requirements: Required if marked 1. Liability Insurance x LC_. Corporations/Private and Public Entities - a limit of not less than$1,000,000 per Initial occurrence. Such insurance shall be of the type usual and customary to the business of the Project Sponsor, and to the operation of the vehicles, engines or equipment operated by the Project Sponsor. Single Vehicle Owners - a limit of not less than $750,000 per occurrence. Such insurance Initial shall be of the type usual and customary to the business of the Project Sponsor, and to the operation of the vehicles, engines or equipment operated by the Project Sponsor. 2. Property Insurance x SIL Repower and New Vehicle/Equipment Purchase - in an amount of not less than the Initial insurable value of Project Sponsor's vehicles, engines or equipment funded under the Agreement of which this Attachment is a part, and covering all risks of loss, damage or destruction of such vehicles, engines or equipment. Property Insurance for Retrofit Projects—for all 2003 model year or newer vehicles in an Initial amount of not less than the insurable value of Project Sponsor's vehicles, covering all risks of loss, damage or destruction of such,vehicles, engines or equipment. 3. Workers Compensation Insurance. x X1C Workers Compensation Insurance - as required by California law and employers liability Initial insurance with a limit not less than $1 million. TFCA Regional Fund Project 14R23 Page 12