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02/04/2008 08:13 FA-1 612 789 1543 CITY OF MPLS-FIRE TOWER U: 010 Brief Qesm"ption of City Contract Insurance Requirements wo*ers compensation This insuranOe m1mrage 3PPV*S to tOntratAor employeeS who'have worlk*related amidenls while on the job wo g on a con"et. It is very important that a c4ntractorwhh employees have Workers CompensaVion coverage because the c*ntr2CtOr employees who have an acc4dent will not be insured otherwise. The definition of an employee as per the State of MinnesotO Laws can be found at C4Serve.,I�Common\PRC" 4ow-to\WO,.Def. There is a separate coverage per injury andas total. The coverage levels that are required by the CKy standard contracts are Minimal standards. Commercial General Liability This insuranC* coyerage applies to various 11abilAy isSues assoOiated whh the contract. It's composed of vadous piem. General Aggregate applies to the total insured General Liability of the 0ontractar. 8ach Occurrencespecffies the capped amount fa any given 'Incident. Produds -mm pleted operations applies to Mblem that 0mur as a resuft of the products or opera on created or modified by the contractor. Persorial and adverfising injury refers to defamation Qt character, llbe$Qus writings or slanderous statements of the wntra . ot whiie doing woVK on the tontracL Fire damage reters to fire damage to some else's property by a contractor when doing work an the contras Medical Upense refers to injuries that recruit from actions of the contractor while woMing on the contra t. The coverage levels that are required by the Cfty standard mntracW are minimal Standads. Commercial Auto Liability T�is Insurance coverage applies to vehicle accidents that oar while the contractor is 00nducting work on the Contract. Even 'ff the contractor has personal automobile 41Surance, this insurance may not cover aec4dents that occur while the contractor is working. The Wyerage may be given for cars owned by the contractor, cars leased by the contractor, ernOoyee-owned cars Wng used for work, or may oover all cars used by the contractor. The Coverage levels that are requ"red by the CKY standard contract3 are minimal standards. Professional Liability This insurance coverage applies to problems that occur due to a professional making errors or omissions which are inappmPriale given the profession. For example, doctors have malpractice Insurznce that is a form of professional liabirgy insurance. The professionals that should typically require Profewonal Liabildy Insurance 21*0'. architects, engineers,, medical professionals, computer professionals, 88 well as Other pmfession,Us who have a hO rLsk of causing sedous i problems if their work s not done as per th a standards of their. profession. The coverage 1e is that am requirW by the Uy standard contracts are minimal standards. :The decision as to use Pmfesslonal LARNWAsurance Is up to the ldePart Ment contract manager. Buflders Risk This 'Insuranc* taverage appges to probjemS duhng buildirig consimclion. There 'm spedital lam qsaga for this that mua be use in the contract. The longuage is available on the CkyServej network under CommoffiPIRCWow,-,10' pe can g. The decision as to use Builders Risk insurance is up to the depariment Mnllract manager. r. VQ"F- Prepared by Lee Laren ir, 00riunction with RirA M-1nv0ivtmn1-tevkUA &3MB