Common use of Developer’s Insurance Clause in Contracts

Developer’s Insurance. Prior to commencing construction on all or any portion of the development site, Developer shall and Developer shall cause its agents, contractors and subcontractors, (the “Developer Parties”) to procure and maintain in full force and effect, at Developer’s sole expense, Builders Risk, Commercial General Liability Insurance, Commercial Automobile Liability Insurance, (including coverage for owned automobiles and for non-owned and hired automobiles), Umbrella or Excess Liability Insurance for the Commercial General Liability Insurance and Commercial Automobile Liability Insurance, Professional Liability as specified herein and any other insurance as may be required from time to time. With the exception of Worker’s Compensation and Professional Liability Insurance, each policy must (i) identify the DDA, ELBRA, and the City and their respective successors and assigns (collectively, “Developer’s Designees”) as additional insureds and (ii) include an endorsement providing that coverage in favor of Developer’s Designees will not be impaired in any way by any act, omission, or default of Developer, its contractors, employees, agents, representatives or any other person. All insurance policies required hereunder shall be written as primary policies,