Sample Exhibit The contractor shall purchase and maintain in full force and effect insurance policies with the limits of insurance provided in the contract documents or the following insurance coverage’s, whichever is greater. The insurance should be from an insurer that has an A.M. Best Rating of “A” or better. 1. 2. 3. 4. 5. 6. Commercial General Liability with limits not less than $1,000,000 per occurrence, $2,000,000 general aggregate, $1,000,000 and $2,000,000 products-completed operations aggregate. Such insurance shall cover liability arising from premises, operations, independent contractors, product-completed operations, personal and advertising injury and liability assumed under an insured contract. There shall be no endorsement or modification of the Commercial GL form arising from pollution, explosion, collapse, underground property damage or work performed by contractors. Commercial General Liability shall include a per project aggregate endorsement. Business Automobile Liability with a limit of not less than $1,000,000 each accident, including owned, non-owned, leased and hired vehicles. Statutory Workers Compensation & employers liability coverage for all employees, including corporate officers and sole proprietors. Contractors Equipment Coverage - The contractor is responsible to maintain insurance on their tools and equipment. Umbrella/Excess Liability with a limit of not less than $1,000,000 per occurrence/aggregate (unless higher limits are required by the Owner). Greenbush Youth Soccer Club, Inc. and it’s President, Officers, Directors, Members, Players, Visitors and it’s Successors are to be included as additional insured’s on a primary, non-contributory basis (using CG 2010 11/85 or it’s equivalent) for item 1, including products-completed operations coverage for 3 years, and for items 3 and 6. No insurance policies obtained in accordance with this paragraph shall exclude coverage for liability resulting from application of either Section 240 or Section 241 of the New York State Labor Law. A copy of the Additional Insured endorsement should be provided to Greenbush Youth Soccer Club, Inc. Contractor agrees to require any and all subcontractors hired to perform work on the project to obtain insurance coverage as provided above. All such insurance coverage shall name Greenbush Youth Soccer Club, Inc. as an Additional Insured on a primary, Non-contributory basis on form CG 2010 11/85 or its equivalent. The foregoing coverage’s and limits are to be considered as minimum requirements and in no way limit the liability of the Subcontractor. All policies required by this paragraph shall include a waiver of subrogation in favor of Greenbush Youth Soccer Club, Inc. and others as listed above. All policies and certificates of insurance shall expressly provide that Greenbush Youth Soccer Club, Inc. must receive 30 days written notice in the event of material alteration, cancellation or nonrenewal of coverage. Indemnification INDEMNIFICATION AGREEMENT (“Agreement”) dated as of the ____ day of __________, 20__, (the “Effective Date”) by and between Greenbush Youth Soccer Club, Inc. with a principal business address at _____________________________________ (the “Owner”) and ____________________ with a principal business address at _______________________ (the “Subcontractor”), attached to and forming a part of the contract between the Greenbush Youth Soccer Club, Inc. and the Subcontractor with respect to the project and/or site owned by ___________________ with a principal business address at ___________________________ (the “Owner”) and located at _________________________________________. In consideration of the mutual promises contained herein and other good and valuable consideration, the receipt and sufficiency of which is acknowledged, Greenbush Youth Soccer Club, Inc.and Subcontractor agree as follows: To the fullest extent permitted by law, the Subcontractor shall indemnify, defend and hold harmless the Greenbush Youth Soccer Club, Inc.and the Owner, and each of their officers, directors, shareholders, employees and agents from and against any and all claims, actions, damages, losses and expenses, including but not limited to attorney’s fees, for any actual or alleged injury to any person or persons, including death, or damage to or destruction of property arising out of any act or omission on the part of the Subcontractor, its employees, agents or subcontractors in connection with any work or services performed on behalf of the Greenbush Youth Soccer Club, Inc.or the Owner. In the event any provision of this Agreement is held to be unenforceable or voidable by a court of competent jurisdiction, the enforceability of the remaining provisions shall not be affected and, in lieu of such unenforceable or voidable provision, there shall be added automatically provisions as similar in terms as may be enforceable under applicable law. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Effective Date. Greenbush Youth Soccer Club, Inc. _______________________ By:____________________ Title:___________________ Subcontractor _______________________ By:_____________________ Title:____________________ PLEASE NOTIFY YOUR INSURANCE COMPANY OF THE ABOVE.
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