Reso 2020-123 Clean Air Grant Funding with BAAQMD Class IV Bike Lanes

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DocuSign Envelope ID: E22C8FEA-1CBF-4AC8-B97F-228503A7F74B BAAQMD FYE 2020 TFCA Funding Agreement ATTACHMENT D INSURANCE REQUIREMENTS Verification of Coverage Project Sponsor shall provide, and require any sub-awardee to provide, the Air District with 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 thirty (30) calendar days advanced notice of cancellation from the insurers. The Project Sponsor may submit evidence that listed insurance is not required for the Project. Acceptability of Insurers Insurance is to be placed with insurers that have 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 Project Operational Period, Project Sponsor shall obtain and maintain in full force and effect the insurance as set forth below, and shall require any third party to obtain and maintain in full force and effect all of the insurance as set forth below. Project Sponsor must initial next to each insurance requirement to confirm understanding and agreement with the applicable Project insurance requirements: 1. Liability Insurance Corporations/Private and Public Entities - a limit of not less than $1,000,000 per occurrence. Such insurance shall be of the type usual and customary to the business of the Project Sponsor and/or third -party who owns, operates, controls or implements any portion of the Project, and to the operation of the vehicles, engines or equipment Initial operated by the Project Sponsor and/or third -party. 2. Workers Compensation Insurance. Workers Compensation Insurance — for any third -party who owns, operates, controls, Initial or implements any portion of the project, as required by California law. 3. Property Insurance. Property Insurance - in an amount of not less than the insurable value of Project Sponsor's vehicles, engines or equipment funded under the Agreement, and covering all risks of loss, damage or destruction of such vehicles, vessels, engines or equipment. Initial TFCA Project 20R15 Page 14