8. Insurance and Bond Requirements
8.1 Worker's Compensation Insurance
ESCO shall provide during the life of this Contract Worker's Compensation Insurance as
follows:
1) Workers Compensation Coverage A = Statutory Minimum
Employer's Liability Coverage B $500,000 each accident
2) $500,000 disease peremployee
3) $500,000 disease policy
8.2 Comprehensive General Liability
ESCO shall provide Comprehensive General Liability with the following minimum coverage
with respect to the Work and other operations performed by ESCO and its employees,
subcontractors, supplier's agents and invitees:
1) Bodily Injury and Property Damage $1,000,000 each occurrence, $1,000,000 aggregate
2) Products and Completed Operations $1,000,000 each occurrence, $1,000,000 aggregate
3) Contractual Liability and Property Damage $1,000,000 each occurrence,
$1,000,000 aggregate
8.3 Vehicle Liability
ESCO shall provide the following minimum coverage with respect to the operations of the
any employee, including coverage for owned, non-owned, andhired vehicles:
Bodily Injury $1,000,000 each occurrence
Property Damage $1,000,000 each occurrence
Combined Single Limit $1,000,000
8.4 Property Coverage
ESCO shall provide the following coverage against loss or damage by fire and against loss
or damage covered by the special perils insurance endorsement on all Work:
All Risk 80% of Contract Price minimum
Upon completion of Work at Customer buildings, ESCO shall provide an installation floater,
in the full amount of the Contract Price, for the requirements set forth above. The policy or
policies shall specifically state that they are for the benefit and payable to the Customer,
ESCO, and all persons furnishing labor or labor and materials for the Work, shall be listed
as loss payee as their interests may appear.
8.5 Professional Liability Insurance
ESCO shall maintain in full force and effect, at ESCO’s expense, an Errors and Omissions
or Professional Liability Insurance Policy in the amount of $1,000,000 minimum coverage.
The policy shall remain in effect for the duration of the applicable statute of limitations for
claims against construction professionals.
ESCO shall be responsible for all claims, damages, losses or expenses, including attomeys
fees, arising out of or resulting from the performance of professional services contemplated
by this Contract, provided that any such claim is attributable to bodily injury or death, or
25 ESCO Contract — Nashua Schools & EEI, Inc.
