10-28-2024 CC Agenda Packet - Laserfiche WebLink

Home Browse Search

AFMN Community Grant Application with Assurances (GK203)21 b. General Commercial Liability Insurance.Grantee agrees that it will at all times during the term of the grant keep in force a commercial general liability insurance policy with the following minimum insurance limits: $2,000,000 per occurrence $2,000,000 annual aggregate Such insurance will protect it from claims for damages for bodily injury, including sickness or disease, death, and for care and loss of services as well as from claims for property damage, including loss of use which may arise from operations under the grant contract whether the operations are by Grantee or by a subcontractor or by anyone directly or indirectly employed by Grantee under the grant. State will be named as both an additional insured and a certificate holder on the general commercial liability policy. c. Employee Theft and Dishonesty Policy.Grantee agrees to keep in force a blanket employee theft and employee dishonesty policy in at least the total amount of the first year’s grant award as an addendum on its property insurance policy. If it is not feasible to include a blanket employee theft and employee dishonesty policy as an addendum to a property insurance policy, then Grantee must keep in force a stand-alone employee theft or employee dishonesty policy. State will be named as both a joint payee and a certificate holder on the employee theft or employee dishonesty policy. Only in cases in which the first year’s grant award exceeds the available employee theft or employee dishonesty coverage may Grantees provide blanket employee theft or employee dishonesty insurance in an amount equal to either twenty five percent (25%) of the yearly grant amount, or the first quarterly advance amount, whichever is greater. Upon execution of this grant contract, Grantee shall furnish State with a certificate of employee theft and employee dishonesty insurance. d. Commercial Automobile Liability Insurance.Grantee is required to maintain insurance protecting it from claims for damages for bodily injury as well as from claims for property damage resulting from the ownership, operation, maintenance, or use of all owned, hired, and non-owned autos which may arise from operations under this grant. In the case that any work is subcontracted, Grantee will require the subcontractor to maintain Commercial Automobile Liability insurance that conforms to this section. Minimum insurance limits are as follows: $2,000,000 – per occurrence Combined Single limit for Bodily Injury and Property Damage In addition, the following coverages should be included: Owned, Hired, and Non-owned Automobile. e. Professional Liability Insurance. This policy will provide coverage for all claims the Grantee may become legally obligated to pay resulting from any actual or alleged negligent act, error, or omission related to Grantee’s professional services required under the grant. Grantee is required to carry the following minimum insurance limits: 114