Common use of General Requirements for Insurance Coverage and Policies Clause in Contracts

General Requirements for Insurance Coverage and Policies. 46.2.1. All required insurance policies shall be maintained with companies that may lawfully issue the required policy and have an A.M. Best rating of at least A-/VII or a Standard and Poor’s rating of at least A, unless prior written approval is obtained from the City Corporation Counsel. 46.2.2. The Contractor shall be solely responsible for the payment of all premiums for all required policies and all deductibles and self-insured retentions to which such policies are subject, whether or not the City is an insured under the policy. 46.2.3. In his/her sole discretion, the Commissioner may, subject to the approval of the Comptroller and the City Corporation Counsel, accept Letters of Credit and/or custodial accounts in lieu of required insurance. 46.2.4. The City’s limits of coverage for all types of insurance required pursuant to Schedule A shall be the greater of (i) the minimum limits set forth in Schedule A or (ii) the limits provided to the Contractor as Named Insured under all primary, excess and umbrella policies of that type of coverage. 46.2.5. The Contractor may satisfy its insurance obligations under this Article through primary policies or a combination of primary and excess/umbrella policies, so long as all policies provide the scope of coverage required herein. 46.2.6. Policies of insurance provided pursuant to this Article shall be primary and non- contributing to any insurance or self-insurance maintained by the City.

Appears in 11 contracts

Sources: Supply and Service Agreement, Management and Operation Agreement, Supply and Service Agreement

General Requirements for Insurance Coverage and Policies. 46.2.155.2.1. All required insurance policies shall be maintained with companies that may lawfully issue the required policy and have an A.M. Best rating of at least A-/VII or a Standard and Poor’s rating of at least A, unless prior written approval is obtained from the City Corporation Counsel. 46.2.255.2.2. The Contractor shall be solely responsible for the payment of all premiums for all required policies and all deductibles and self-insured retentions to which such policies are subject, whether or not the City is an insured under the policy. 46.2.355.2.3. In his/her sole discretion, the Commissioner may, subject to the approval of the Comptroller and the City Corporation Counsel, accept Letters of Credit and/or custodial accounts in lieu of required insurance. 46.2.455.2.4. The City’s limits of coverage for all types of insurance required pursuant to Schedule A shall be the greater of (i) the minimum limits set forth in Schedule A or (ii) the limits provided to the Contractor as Named Insured under all primary, excess and umbrella policies of that type of coverage. 46.2.555.2.5. The Contractor may satisfy its insurance obligations under this Article through primary policies or a combination of primary and excess/umbrella policies, so long as all policies provide the scope of coverage required herein. 46.2.655.2.6. Policies of insurance provided pursuant to this Article shall be primary and non- contributing to any insurance or self-insurance maintained by the City.

Appears in 10 contracts

Sources: Supply and Service Agreement, Furnish and Install Agreement, Furnish and Install Agreement

General Requirements for Insurance Coverage and Policies. 46.2.122.2.1. All required insurance policies shall be maintained with companies that may lawfully issue the required policy and have an A.M. Best rating of at least A-/VII or a Standard and Poor’s rating of at least A, unless prior written approval is obtained from the City Corporation Counsel. 46.2.222.2.2. The Contractor shall be solely responsible for the payment of all premiums for all required policies and all deductibles and self-insured retentions to which such policies are subject, whether or not the City is an insured under the policy. 46.2.322.2.3. In his/her sole discretion, the Commissioner may, subject to the approval of the Comptroller and the City Corporation Counsel, accept Letters of Credit and/or custodial accounts in lieu of required insurance. 46.2.422.2.4. The City’s limits of coverage for all types of insurance required pursuant to Schedule A shall be the greater of (i) the minimum limits set forth in Schedule A or (ii) the limits provided to the Contractor as Named Insured under all primary, excess excess, and umbrella policies of that type of coverage. 46.2.522.2.5. The Contractor may satisfy its insurance obligations under this Article 22 through primary policies or a combination of primary and excess/umbrella policies, so long as all policies provide the scope of coverage required herein. 46.2.622.2.6. Policies of insurance provided pursuant to this Article 22 shall be primary and non- contributing to any insurance or self-insurance maintained by the City.

Appears in 9 contracts

Sources: Construction Contract, Construction Contract, Supply and Service Agreement

General Requirements for Insurance Coverage and Policies. 46.2.155.2.1. All required insurance policies shall be maintained with companies that may lawfully issue the required policy and have an A.M. Best rating of at least A-/VII or a Standard and Poor’s rating of at least A, unless prior written approval is obtained from the City Corporation Counsel. 46.2.255.2.2. The Contractor shall be solely responsible for the payment of all premiums for all required policies and all deductibles and self-insured retentions to which such policies are subject, whether or not the City is an insured under the policy. 46.2.355.2.3. In his/her sole discretion, the Commissioner may, subject to the approval of the Comptroller and the City Corporation Counsel, accept Letters of Credit and/or custodial accounts in lieu of required insurance. 46.2.455.2.4. The City’s limits of coverage for all types of insurance required pursuant to Schedule A shall be the greater of (i) the minimum limits set forth in Schedule A or (ii) the limits provided to the Contractor as Named Insured under all primary, excess excess, and umbrella policies of that type of coverage. 46.2.555.2.5. The Contractor may satisfy its insurance obligations under this Article 55 through primary policies or a combination of primary and excess/umbrella policies, so long as all policies provide the scope of coverage required herein. 46.2.655.2.6. Policies of insurance provided pursuant to this Article 55 shall be primary and non- contributing to any insurance or self-insurance maintained by the City.

Appears in 7 contracts

Sources: Furnish and Install Agreement, Furnish and Install Agreement, Furnish and Install Agreement

General Requirements for Insurance Coverage and Policies. 46.2.1. 22.2.1 All required insurance policies shall be maintained with companies that may lawfully issue the required policy and have an A.M. Best rating of at least A-/VII or a Standard and Poor’s rating of at least A, unless prior written approval is obtained from the City Corporation Counsel. 46.2.2. 22.2.2 The Contractor shall be solely responsible for the payment of all premiums for all required policies and all deductibles and self-insured retentions to which such policies are subject, whether or not the City is an insured under the policy. 46.2.3. 22.2.3 In his/her sole discretion, the Commissioner may, subject to the approval of the Comptroller and the City Corporation Counsel, accept Letters of Credit and/or custodial accounts in lieu of required insurance. 46.2.4. 22.2.4 The City’s limits of coverage for all types of insurance required pursuant to Schedule A shall be the greater of (i) the minimum limits set forth in Schedule A or (ii) the limits provided to the Contractor as Named Insured under all primary, excess excess, and umbrella policies of that type of coverage. 46.2.5. 22.2.5 The Contractor may satisfy its insurance obligations under this Article 22 through primary policies or a combination of primary and excess/umbrella policies, so long as all policies provide the scope of coverage required herein. 46.2.6. 22.2.6 Policies of insurance provided pursuant to this Article 22 shall be primary and non- contributing to any insurance or self-insurance maintained by the City.

Appears in 6 contracts

Sources: Proposal for Bids, Proposal for Bids, Construction Contract

General Requirements for Insurance Coverage and Policies. 46.2.1. 22.2.1 All required insurance policies shall be maintained with companies that may lawfully issue the required policy and have an A.M. Best rating of at least A-/VII or a Standard and Poor’s rating of at least A, unless prior written approval is obtained from the City Corporation Counsel. 46.2.2. 22.2.2 The Contractor shall be solely responsible for the payment of all premiums for all required policies and all deductibles and self-insured retentions to which such policies are subject, whether or not the City is an insured under the policy. 46.2.3. 22.2.3 In his/her sole discretion, the Commissioner may, subject to the approval of the Comptroller and the City Corporation Counsel, accept Letters of Credit and/or custodial accounts in lieu of required insurance. 46.2.4. 22.2.4 The City’s limits of coverage for all types of insurance required pursuant to Schedule A of the General Conditions shall be the greater of (i) the minimum limits set forth in Schedule A or (ii) the limits provided to the Contractor as Named Insured under all primary, excess excess, and umbrella policies of that type of coverage. 46.2.5. 22.2.5 The Contractor may satisfy its insurance obligations under this Article 22 through primary policies or a combination of primary and excess/umbrella policies, so long as all policies provide the scope of coverage required herein. 46.2.6. 22.2.6 Policies of insurance provided pursuant to this Article 22 shall be primary and non- contributing to any insurance or self-insurance maintained by the City.

Appears in 3 contracts

Sources: Standard Construction Contract, Proposal for Bids, Standard Construction Contract

General Requirements for Insurance Coverage and Policies. 46.2.1. All required insurance policies shall be maintained with companies that may lawfully issue the required policy and have an A.M. Best rating of at least A-/VII or a Standard and Poor’s rating of at least A, unless prior written approval is obtained from the City Corporation Counsel. 46.2.2. The Contractor shall be solely responsible for the payment of all premiums for all required policies and all deductibles and self-insured retentions to which such policies are subject, whether or not the City is an insured under the policy. 46.2.3. In his/her sole discretion, the Commissioner may, subject to the approval of the Comptroller and the City Corporation Counsel, accept Letters of Credit and/or custodial accounts in lieu of required insurance. 46.2.4. The City’s limits of coverage for all types of insurance required pursuant to Schedule A shall be the greater of (i) the minimum limits set forth in Schedule A or (ii) the limits provided to the Contractor as Named Insured under all primary, excess excess, and umbrella policies of that type of coverage. 46.2.5. The Contractor may satisfy its insurance obligations under this Article 46 through primary policies or a combination of primary and excess/umbrella policies, so long as all policies provide the scope of coverage required herein. 46.2.6. Policies of insurance provided pursuant to this Article 46 shall be primary and non- contributing to any insurance or self-insurance maintained by the City.

Appears in 2 contracts

Sources: Supply and Service Agreement, Supply and Service Agreement

General Requirements for Insurance Coverage and Policies. 46.2.155.2.1. All required insurance policies shall be maintained with procured from companies that may lawfully issue are licensed to do business in the required policy State of New York and have an A.M. Best rating of at least A-/VII or a Standard and Poor’s rating of at least A, unless prior written approval is obtained from the New York City Office of the Corporation Counsel. 46.2.255.2.2. The Contractor shall be solely responsible for the payment of all premiums for all required policies and all deductibles and self-insured retentions to which such policies are subject, whether or not the City is an insured under the policy. 46.2.355.2.3. In his/her sole discretion, the Commissioner may, subject to the approval of the Comptroller and the City Corporation Counsel, accept Letters of Credit and/or custodial accounts in lieu of required insurance. 46.2.455.2.4. The City’s limits of coverage for all types of insurance required pursuant to Schedule A shall be the greater of (i) the minimum limits set forth in Schedule A or (ii) the limits provided to the Contractor as Named Insured under all primary, excess and umbrella policies of that type of coverage. 46.2.555.2.5. The Contractor may satisfy its insurance obligations under this Article through primary policies or a combination of primary and excess/umbrella policies, so long as all policies provide the scope of coverage required herein. 46.2.655.2.6. Policies of insurance provided pursuant to this Article shall be primary and non- contributing to any insurance or self-insurance maintained by the City. 55.2.7. Policies of insurance provided pursuant to this Article, other than those provided pursuant to Articles 55.1.2, 55.1.3, 55.1.5 or 55.1.8, shall include a waiver of the right of subrogation with respect to all insureds and loss payees named therein.

Appears in 2 contracts

Sources: Furnish and Install Agreement, Furnish and Install Agreement

General Requirements for Insurance Coverage and Policies. 46.2.1. All required insurance policies shall be maintained with companies that may lawfully issue the required policy and have an A.M. Best rating of at least A-/VII or a Standard and Poor’s rating of at least A, unless prior written approval is obtained from the City Corporation Counsel. 46.2.2. 22.2.1 The Contractor shall be solely responsible for the payment of all premiums for all required policies and all deductibles and self-insured retentions to which such policies are subject, whether or not the City is an insured under the policy. 46.2.3. 22.2.2 In his/her sole discretion, the Commissioner may, subject to the approval of the Comptroller and the City Corporation Counsel, accept Letters of Credit and/or custodial accounts in lieu of required insurance. 46.2.4. 22.2.3 The City’s limits of coverage for all types of insurance required pursuant to Schedule A shall be the greater of (i) the minimum limits set forth in Schedule A or (ii) the limits provided to the Contractor as Named Insured under all primary, excess excess, bumbershoot, and umbrella policies of that type of coverage. 46.2.5. 22.2.4 The Contractor may satisfy its insurance obligations under this Article 22 through primary policies or a combination of primary policies and excess, bumbershoot, and/umbrella policies, so long as all policies provide the scope of coverage required herein. 46.2.6. 22.2.5 Policies of insurance provided pursuant to this Article 22 shall be primary and non- contributing to any insurance or self-insurance maintained by the City.

Appears in 1 contract

Sources: Construction Contract

General Requirements for Insurance Coverage and Policies. 46.2.1. 22.2.1 All required insurance policies shall be maintained with companies that may lawfully issue the required policy and have an A.M. Best rating of at least A-/VII or a Standard and Poor’s rating of at least A, unless prior written approval is obtained from the City Corporation Counsel. 46.2.2. 22.2.2 The Contractor shall be solely responsible for the payment of all premiums for all required policies and all deductibles and self-insured retentions to which such policies are subject, whether or not the Department and the City is an insured under the policy. 46.2.3. 22.2.3 In his/her sole discretion, the Commissioner may, subject to the approval of the Comptroller and the City Corporation Counsel, accept Letters of Credit and/or custodial accounts in lieu of required insurance. 46.2.4. 22.2.4 The Department’s and the City’s limits of coverage for all types of insurance required pursuant to Schedule A of the General Conditions shall be the greater of (i) the minimum limits set forth in Schedule A or (ii) the limits provided to the Contractor as Named Insured under all primary, excess excess, and umbrella policies of that type of coverage. 46.2.5. 22.2.5 The Contractor may satisfy its insurance obligations under this Article 22 through primary policies or a combination of primary and excess/umbrella policies, so long as all policies provide the scope of coverage required herein. 46.2.6. 22.2.6 Policies of insurance provided pursuant to this Article 22 shall be primary and non- contributing to any insurance or self-insurance maintained by the Department or the City.

Appears in 1 contract

Sources: Construction Contract