Minimum Insurance Requirements
Vendor shall maintain insurance at its own expense, for itself and any other person or entity acting for or on its behalf, with respect to the performance described herein. All required coverage shall be written through insurance carriers licensed to do business in the State of New York, and shall be amended to provide sixty (60) days prior written notice of cancellation, non-renewal, or reduction in coverage to the Central New York Regional Transportation Authority (Centro) and its related entities, and to eliminate the provisions applicable to the insurance carriers' rights of subrogation as it pertains to the Central New York Regional Transportation Authority (Centro) and its related entities.
All liability insurance contracts shall be amended to not eliminate or reduce the coverage provided to the Central New York Regional Transportation Authority (Centro) and its related entities in the event of a breach by the Successful Bidder, its agents, employees, directors, and/or subcontractor to comply with the terms, provisions, and conditions of liability insurance contracts. For any liability coverage provided on a claims-made basis, the policy date or retroactive date shall predate this contract.
The termination of any such claims-made contract or applicable reporting period shall be no earlier than five (5) years after the termination date required to be maintained by the applicable provisions of this agreement. Certificates of Insurance shall be filed with the Central New York Regional Transportation Authority (Centro), Attention: Buyer, 200 Cortland Ave., PO Box 820, Syracuse, NY 13205-0820. Such certificates shall contain specific language so as to adequately advise the Central New York Regional Transportation Authority (Centro) of compliance with the aforesaid requirements of insurance. By submitting a Bid, the Successful Bidder agrees to provide actual certified copies of the required insurance contracts.
The Central New York Regional Transportation Authority (Centro) and all of its related entities, including: (1) CNY Centro, Inc.; (2) Centro of Oswego, Inc.; (3) Centro of Cayuga, Inc.; (4) Centro Parking, Inc.; (5) Centro Call-A-Bus, Inc.; (6) Centro of Oneida, Inc.; and (7) Intermodal Transportation Center, Inc. shall be included as additional named insured on the Successful Bidder's insurance policies, which shall also name the Central New York Regional Transportation Authority's (Centro) Directors, Officers, Agents, Employees, guests, and invitees as additional insured for liability coverage. Such policies shall state that the coverage set forth therein shall be primary insurance protection on behalf of the Central New York Regional Transportation Authority (Centro).
a. Worker's Compensation, Employers Liability, and Disability Insurance
By submitting a Bid, the Successful Bidder agrees that they will secure Worker's Compensation Insurance and keep it in effect during the life of a contract awarded under this IFB for the benefit of such employees as are required to be insured by the provisions of the New York State Worker's Compensation Law, and also by the provisions of Article 9 of the Worker's Compensation Law known as the Disability Benefits Law. The Successful Bidder further agrees that any contract awarded hereunder shall be void and of no effect unless it complies with this provision.
b. Comprehensive General Liability Insurance
By submitting a Bid, the Successful Bidder agrees that it will secure Comprehensive General Liability Insurance and keep it in effect during the life of a contract awarded under this IFB, and that such Insurance shall, at a minimum, include the following coverage:
- Products/Completed Operations (to be kept in force for a minimum of two years from the date performance is completed)
- Broad Form Property Damage
- Independent Contractor
- Personal Injury Liability, Hazards A, B and C
Each policy shall have Bodily Injury and Property Damage limits not less than:
- $1,000,000 per occurrence
- $2,000,000 Products/Completed Operations Aggregate
- $1,000,000 Personal & Advertising Injury Aggregate
- $2,000,000 General Aggregate
c. Comprehensive Automobile Liability Insurance
The Successful Bidder must maintain Comprehensive Automobile Liability Insurance, including coverage for owned, non-owned or hired automobiles with limits not less than $1,000,000 per accident for bodily injury or property damage.
d. Excess (Umbrella) Liability Insurance
The Successful Bidder must maintain Excess (Umbrella) Liability coverage providing Bodily Injury and Property Damage Liability coverage with a limit not less than $1,000,000 per occurrence and $1,000,000 aggregate.
The Central New York Regional Transportation Authority (Centro) reserves the right to amend the requirements of insurance protection it may deem necessary.