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6.04 Owner's Liability Insurance
<br />A. In addition to the insurance required to be provided by Contractor under Paragraph 6.03,
<br />Owner, at Owner's option, may purchase and maintain at Owner's expense Owner's own
<br />liability insurance as will protect Owner against claims which may arise from operations
<br />under the Contract Documents.
<br />B. Owner's liability policies, if any, operate separately and independently from policies
<br />required to be provided by Contractor, and Contractor cannot rely upon Owner's liability
<br />policies for any of Contractor's obligations to the Owner, Engineer, or third parties.
<br />6.05 Property Insurance
<br />A. Builder's Risk: Unless otherwise provided in the Supplementary Conditions, Contractor shall
<br />purchase and maintain builder's risk insurance upon the Work on a completed value basis,
<br />in the amount of the full insurable replacement cost thereof (subject to such deductible
<br />amounts as may be provided in the Supplementary Conditions or required by Laws and
<br />Regulations). This insurance shall:
<br />1. include the Owner and Contractor as named insureds, and all Subcontractors, and any
<br />individuals or entities required by the Supplementary Conditions to be insured under
<br />such builder's risk policy, as insureds or named insureds. For purposes of the
<br />remainder of this Paragraph 6.05, Paragraphs 6.06 and 6.07, and any corresponding
<br />Supplementary Conditions, the parties required to be insured shall collectively be
<br />referred to as "insureds."
<br />2. be written on a builder's risk "all risk" policy form that shall at least include insurance
<br />for physical loss or damage to the Work, temporary buildings, falsework, and materials
<br />and equipment in transit, and shall insure against at least the following perils or causes
<br />of loss: fire; lightning; windstorm; riot; civil commotion; terrorism; vehicle impact;
<br />aircraft; smoke; theft; vandalism and malicious mischief; mechanical breakdown,
<br />boiler explosion, and artificially generated electric current; earthquake; volcanic
<br />activity, and other earth movement; flood; collapse; explosion; debris removal;
<br />demolition occasioned by enforcement of Laws and Regulations; water damage (other
<br />than that caused by flood); and such other perils or causes of loss as may be
<br />specifically required by the Supplementary Conditions. If insurance against mechanical
<br />breakdown, boiler explosion, and artificially generated electric current; earthquake;
<br />volcanic activity, and other earth movement; or flood, are not commercially available
<br />under builder's risk policies, by endorsement or otherwise, such insurance may be
<br />provided through other insurance policies acceptable to Owner and Contractor.
<br />3. cover, as insured property, at least the following: (a) the Work and all materials,
<br />supplies, machinery, apparatus, equipment, fixtures, and other property of a similar
<br />nature that are to be incorporated into or used in the preparation, fabrication,
<br />construction, erection, or completion of the Work, including Owner -furnished or
<br />assigned property; (b) spare parts inventory required within the scope of the Contract;
<br />and (c) temporary works which are not intended to form part of the permanent
<br />constructed Work but which are intended to provide working access to the Site, or to
<br />the Work under construction, or which are intended to provide temporary support for
<br />the Work under construction, including scaffolding, form work, fences, shoring,
<br />falsework, and temporary structures.
<br />4. cover expenses incurred in the repair or replacement of any insured property
<br />(including but not limited to fees and charges of engineers and architects).
<br />EJCDC® C-700, Standard General Conditions of the Construction Contract.
<br />Copyright © 2013 National Society of Professional Engineers, American Council of Engineering Companies,
<br />and American Society of Civil Engineers. All rights reserved. Page 23 of 65
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