The Contractor shall insure and shall require each of its subcontractors to carry the following insurance:
Commercial General Liability providing both bodily injury including death and property damage insurance in a limit of not less than $2,000,000.00 combined single limit basis. Such insurance is to be written on an occurrence basis and shall name each of the Indemnitees as an Additional Insured.
Automobile Liability and Property Damage in an amount of not less than $500,000.00 combined single limit for both bodily injury and property damage.
Proof of Professional Liability is required if the contractor is from an engineering/architectural firm OR the contractor is providing any type of design work in the limit of not less than $2,000,000.00 with tail coverage for 2 years.
Worker's Compensation and Employer's General Liability are required under the Worker's Compensation Law.
Certificates of Insurance for all aforementioned coverages shall be provided to RIOC prior to the commencement of Work and bear notations evidencing a minimum of 10 day cancellation notice to RIOC. Such insurance policies shall name RIOC, Empire State Development, NY Housing and Community Renewal, the State of NY, and the City of NY as additional insureds.