Liability (if applicable), Professional Liability, Business Automobile Liability, and Contractor’s Workers’ Compensation insurance in the amounts below. The insurance required for Commercial Form General Liability, Excess Liability, Professional Contractor’s Liability, and Business Automobile Liability insurance shall be issued by companies with a Best rating of A- or better, and a financial classification of VIII or better (or an equivalent rating by Standard & Poor or written for not less than the following: Moody’s) Minimum Commercial Form General Liability Insurance Limits of Liability Requirements – - Combined Single Limit for Bodily Injury and Property $5,000,000 Each Occurrence Damage: Products-Completed Operations Aggregate: $10,000,000 Personal and Advertising Injury: $5,000,000 General Aggregate: $10,000,000 Minimum Professional (Errors and Omissions) Liability Limits of Liability Requirement – Professional Liability (Each Occurrence) $5,000,000 Contractor’s Professional Liability (Each Aggregate) $10,000,000 Contractor’s Minimum Business Automobile Liability Insurance Limits of Liability Requirement – Each Accident - Combined Single Limit for Bodily Injury and Property Damage: $1,000,000 Compensation As required by Federal and State of California law Workers’ – Minimum Liability Limits of Liability Requirement Employer’s – Each Employee: $5,000,000 Each Accident: $5,000,000 Policy Limit: $5,000,000 Minimum Excess/Umbrella Limits of Liability Requirement – Each Occurrence: N/A Aggregate: N/A Insurance required for Compensation and Liability Insurance shall be issued by Workers’ Employer’s companies that have a (i) Best rating of B+ or better, and a financial classification of VIII or better (or an equivalent rating by Standard & Poor or Moody's) or (ii) that are acceptable to the University. Such insurance shall be written to be not less than the amount required by Federal and State of California law. The University intends to utilize owner-controlled insurance program (UCIP) for this project University’s and e-Builder capital program and project management.
Liability (if applicable), Contractor’s Professional Liability, Business Automobile Liability, and Workers’ Compensation insurance in the amounts below. The insurance required for Commercial Form General Liability, Excess Liability, Contractor’s Professional Liability, and Business Automobile Liability insurance shall be issued by companies with a Best rating of A- or better, and a financial classification of VIII or better (or an equivalent rating by Standard & Poor or Moody’s) written for not less than the following: Commercial Form General Liability Insurance – Limits of Liability Minimum Requirements Each Occurrence - Combined Single Limit for Bodily Injury and Property Damage: $5,000,000 Products-Completed Operations Aggregate: $10,000,000 Personal and Advertising Injury: $5,000,000 General Aggregate: $10,000,000 Professional (Errors and Omissions) Liability – Limits of Liability Minimum Requirement Contractor’s Professional Liability (Each Occurrence) $5,000,000 Contractor’s Professional Liability (Each Aggregate) $10,000,000 Business Automobile Liability Insurance – Limits of Liability Minimum Requirement Each Accident - Combined Single Limit for Bodily Injury and Property Damage: $1,000,000 Workers’ Compensation – As required by Federal and State of California law Employer’s Liability – Limits of Liability Minimum Requirement Each Employee: $5,000,000 Each Accident: $5,000,000 Policy Limit: $5,000,000 Excess/Umbrella – Limits of Liability Minimum Requirement Each Occurrence: N/A Aggregate: N/A Insurance required for Workers’ Compensation and Employer’s Liability Insurance shall be issued by companies that have a (i) Best rating of B+ or better, and a financial classification of VIII or better (or an equivalent rating by Standard & Poor or Moody's) or (ii) that are acceptable to the University. Such insurance shall be written to be not less than the amount required by Federal and State of California law. The University intends to utilize University’s owner-controlled insurance program (UCIP) for this project and e-Builder capital program and project management.