Subcontractor shall obtain all required insurance from an insurance company acceptable to Contractor. The Subcontractor shall furnish satisfactory evidence it has purchased and maintains the types and amounts of insurance below.

All Certificates of Insurance provided to the Contractor must be original certificates from the insurance carriers or agents of record.

All Certificates of Insurance must be received within five (5) workdays of execution of this Agreement. Submittal of the Certificates of Insurance to Contractor is a condition precedent to Contractor's obligation to make progress or final payment to the Subcontractor.

All required insurance must conform with the requirements of this Agreement, Colorado law, any federal law, and the Contract Documents for the Project. The Subcontractor agrees to notify Contractor in writing of any changes in the status of any of its insurance coverages thirty (30) days before any such changes becoming effective.

Unless otherwise provided by the Contract Documents, required insurance types and amounts are:

Commercial General Liability ("CGL")
Bodily Injury & Property Damage Limit $1,000,000 / each occurrence
Personal Injury & Advertising Injury Limit $1,000,000 / each person
Products/Completed Operations Limit $2,000,000 / aggregate.
General Aggregate $2,000,000 / per project

CGL coverage shall be written on ISO Form CG 00 01 10 93 or other form providing equivalent coverage and shall cover liability arising from premises, operations, independent contractors, products-completed operations, and personal and advertising injury. The policy shall contain no exclusion for subsidence, for work performed by subcontractors or vendors, or for any residential work (if the project is that type).

Contractor, the Owner, and any other parties required by the Prime Contract shall be included as additional insureds on the CGL insurance policy regarding Subcontractor’s ongoing operations (ISO 20 10 07 04 endorsement or equivalent) and completed operations (ISO 20 37 07 04 endorsement or equivalent). The coverage for the additional insureds shall be as broad as the coverage provided for the Subcontractor.

Notice of Cancellation

Each insurance policy shall be endorsed to provide 30 days advance notice of cancellation or non-renewal or of coverage by the insurer, except in the case of cancellation or termination due to non-payment of premium, in which case only 10 days advance notice shall be required.  Upon receipt of notice from the Subcontractor, the Contractor shall, unless the lapse in coverage arises from an act or omission of the Contractor, have the right to stop the Work until the lapse in coverage has been cured by the procurement of replacement coverage by the Subcontractor. The furnishing of notice by the Subcontractor shall not relieve the Subcontractor of any contractual obligation to provide any required coverage.