SHORENSTEIN REALTY SERVICES, L.P VENDOR INSURANCE REQUIREMENTS CATEGORY D VENDORS

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1 NAME AND ADDRESS OF AGENCY: NAME AND ADDRESS OF INSURED: Certificate of Insurance COMPANIES AFFORDING COVERAGES INSURANCE COMPANY S DESIGNATED MUST HAVE A MINIMUM OF A- VIII AM BEST RATING COMPANY A COMPANY B COMPANY C COMPANY D COMPANY E This Certificate of Insurance neither affirmatively nor negatively amends, extends or alters the coverage afforded by the polices listed on this certificate of insurance. CO. TYPE OF INSURANCE POLICY EFFECTIVE EXPIRATION LIMITS OF LIABILITY LTR NUMBER DATE DATE (Below Limits are required minimums) COMMERCIAL GENERAL LIABILITY [X] Occurrence (REQUIRED) Note below exclusions to basic form Gen l Aggregate Limit Applies: []Per Policy or [] Per Project (Per Policy or Per Project must be checked) Deductible or SIR must not exceed $25,000 GENERAL AGGREGATE PRODUCTS-COMP/OP AGG PERSONAL & ADV INJURY EACH OCCURRENCE DAMAGE RENTED PREMISES MED. EXP. (Any one person) $2,000,000 $2,000,000 $ 50,000 $ 5,000 AUTOMOBILE LIABILITY [ ] ANY AUTO [X] ALL OWNED AUTOS [ ] SCHEDULED AUTOS [X] HIRED AUTOS [X] NON-OWNED AUTOS EXCESS / UMBRELLA LIABILITY [X] UMBRELLA FORM [X] Occurrence WORKERS COMPENSATION AND EMPLOYERS LIABILITY PROFESSIONAL LIABILITY (E&O) (i.e. architects, architectural consultants, environmental consultants, engineering consultants (MEP, structural, civil, life safety), project/construction managers at risk i.e. hiring vendors, riser managers at risk i.e. hiring vendors, accounting firms and insurance brokerage firms) POLLUTION LIABILITY (environmental contracts, construction projects where asbestos, hazardous materials, lead paint, underground storage tanks, etc. are present.) BODILY INJURY AND PROPERTY DAMAGE BODILY INJURY (Per person) BODILY INJURY (Per accident) PROPERTY DAMAGE (Per accident) EACH OCCURRENCE AGGREGATE [X] WC STATUTORY LIMITS E.L. EACH ACCIDENT E.L. DISEASE - POLICY LIMIT E.L. DISEASE - EACH EMPLOYEE EACH CLAIM/AGGREGATE PER CLAIM/AGGREGATE SEE SPECIAL REQUIREMENTS ON NEXT PAGE FOR: janitorial, building engineering, fuel suppliers, parking and security services SPECIAL PROVISIONS: 1) The certificate must reference the building address and/or project description. 2) The certificate must state that the CGL policy and the Workers Compensation policy are endorsed to include a Waiver of Subrogation in favor of all Additional Insureds. 3) The certificate must state that all policies, except Workers Compensation, Employers Liability and Professional Liability, are endorsed to name Shorenstein Properties LLC, Shorenstein Company LLC, Shorenstein Realty Services, L.P. (Shorenstein Realty Services East LLC for New York City locations), Shorenstein Management Inc., and their respective Members, Partners, Executive Officers, Directors, Stockholders, and [Insert Building Owner Name Found In Cover Letter Here] and any other party specified by Owner at any time and from time to time as Additional Insureds and that the CGL policy is Primary and Non-Contributory to those of the Additional Insureds. An additional insured endorsement as broad as CG or CG and CG must accompany the certificate. Last Revision: 11/15/2011 Page 1 of 5

2 4) If any coverage in a CGL policy is subject to a general aggregate limit of liability, such general aggregate limit shall apply on a per project basis (Contractors Only). A copy of the actual endorsement as broad as CG 2503 is required. CANCELLATION: The above policies to provide thirty (30) days written notice of cancellation, non-renewal or reduced coverage as the case may be to the Certificate Holder. CERTIFICATE HOLDER: For all properties except those located in New York City: Shorenstein Realty Services, L.P. (Use building location for address) For New York City properties: Shorenstein Realty Services East LLC (Use building location for address) SPECIAL REQUIREMENTS: Building Engineering Services: Pollution Liability - per claim/aggregate Fuel Suppliers: Pollution Liability- per claim/aggregate including coverage for auto pollution and loading and unloading of cargo/fuel (Separate policy or if included in CGL and/or Auto policy, note as included, and provide pollution endorsement(s)) Janitorial Services Pollution Liability $2,000,000 per claim/aggregate Parking Services (including valet): Garage Liability in lieu of General Liability and Auto Liability - per occurrence/aggregate (must be scheduled onto the Umbrella policy) Garagekeeper s Legal Liability - per occurrence/aggregate Security Services: Professional Liability (Errors and Omissions) - $2,000,000 per claim/aggregate Last Revision: 11/15/2011 Page 2 of 5

3 Type of Vendors in Category D: Architects/Architectural Consultants (Core and Shell) Environmental Consultants including air monitoring Elevator Consultants Building Engineering Services Janitorial Services Parking Services (including valet) Security Services Consultants/Designers: o Engineering (MEP, structural, civil, life safety) o Project/Construction Managers at risk i.e. hiring vendors o Riser Managers at risk i.e. hiring vendors Mechanical, Electrical, and Plumbing Contractors (if they are not hiring subcontractors) Building Automation System Maintenance (if not hiring subcontractors) Fire Alarm System Installation and/or Maintenance Fire Alarm Monitoring (only if included with Fire Alarm System Installation and/or Maintenance or Fire Alarm Testing & Certification) Fire Alarm Testing & Certification Fire Sprinkler System Testing & Certification Fuel Suppliers External Audit and Tax Preparation Firms Insurance Brokerage Firms Law Firms Limousine Services Special Requirements: Umbrella Liability: per occurrence/aggregate. Vendors that present a pollution exposure (i.e. environmental contracts, construction projects where asbestos, hazardous materials, lead paint, underground storage tanks, etc. are present): Pollution Liability - per claim/aggregate. Vendors that provide professional services (i.e. Architects, Architectural Consultants, Environmental Consultants, Elevator Consultants, Engineering Consultants (MEP, structural, civil, life safety), Project/Construction Managers at risk i.e. hiring vendors, Riser Managers at risk i.e. hiring vendors, Accounting Firms, Law Firms, and Insurance Brokerage Firms): Professional Liability (Errors & Omissions) - per claim/aggregate. Building Engineering Services: Pollution Liability: per claim/aggregate;. Janitorial Services: Pollution Liability: $2,000,000 per claim/aggregate;. Security Services: ; Professional Liability (Errors & Omissions) - $2,000,000 per claim/aggregate. Last Revision: 11/15/2011 Page 3 of 5

4 Parking Services (including valet): Garage Liability in lieu of General Liability and Auto Liability - per occurrence/aggregate (must be scheduled onto the Umbrella policy); Garagekeeper s Legal Liability - per occurrence/aggregate;. Fuel Suppliers: Pollution Liability: per claim/aggregate including coverage for auto pollution and loading and unloading of cargo/fuel. General Requirements: At all times during the performance of the work, vendor shall maintain in force, at its sole cost, the following insurance. Any exceptions to these requirements must be approved in advance by the Asset Manager. Commercial General Liability: including blanket contractual liability coverage sufficiently broad to cover the indemnification obligations under the contract, with limits of not less than Each Occurrence; $2,000,000 General Aggregate; $2,000,000 Products / Completed Operations Aggregate; Personal & Advertising injury; and including coverage for broad form property damage and independent contractors. Such insurance shall be at least as broad as provided by Insurance Services Office (ISO) form CG Self-insured retention or deductible, including costs of defense, shall not exceed $25,000. Per Project Aggregate: If any coverage provided in a Commercial General Liability Policy is subject to a general aggregate limit of liability, such general aggregate limit shall apply on a per project basis. A copy of the actual endorsement as broad as Insurance Services Office (ISO) form CG 2503 is required (does not apply to consultants). Automobile Liability: including coverage for owned, hired and non-owned vehicles, with bodily injury and property damage combined single limits of not less than each accident. Workers Compensation and Employer s Liability: in compliance with applicable Federal and State laws; with Employer s Liability limits in the amount, if any, required by law but in no event less than Bodily Injury for Each Accident; Bodily Injury for Each Employee; and Bodily Injury Disease Aggregate. Additional Insured Parties: All insurance policies other than Workers Compensation / Employer s Liability and Professional Liability (Errors & Omissions) shall name Shorenstein Properties LLC, Shorenstein Company LLC, Shorenstein Realty Services, L.P. (or Shorenstein Realty Services East LLC for New York City locations), Shorenstein Management Inc., and their respective Members, Partners, Executive Officers, Directors, Stockholders, and Building Owner, and any other party specified by Owner at any time and from time to time as additional insureds. A copy of the actual additional insured endorsement as broad as Insurance Services Office (ISO) form CG OR ISO form CG AND ISO form CG must accompany the certificate. This endorsement can be stated by either of the following two methods: 1) an individual endorsement specifically naming the Shorenstein entities and Building Owner as additional insureds or 2) a blanket endorsement stating that any entity required by a written contract or written agreement with the named insured is included as an additional insured. Note that in order for a blanket endorsement to be accepted, Shorenstein must have a contract with the vendor. If the contract is between tenant and vendor, make sure that our file contains both the blanket endorsement and an executed copy of the Tenant Vendor Letter Agreement, signed by the vendor, which spells out the requirements for the Shorenstein entities and Building Owner to be named additional insured. Primary Insurance: The Commercial General Liability Policy shall provide that such insurance is primary to and noncontributory with any liability insurance carried by the additional insureds and provide a severability of interests clause. Occurrence Basis of Coverage; Exceptions: All insurance policies shall provide coverage on an occurrence rather than a claims made basis. Professional Liability (Errors & Omissions) and Pollution Liability policies (if required) may be provided on a claims-made basis so long as coverage remains in force for three (3) years after completion of the contract. Last Revision: 11/15/2011 Page 4 of 5

5 Certificates of Insurance: Prior to beginning any Work, Vendor shall deliver to Owner s Agent certificates of insurance signed by a duly authorized representative of their insurer certifying that at least the minimum insurance coverages required are in effect together with copies or originals of all required endorsements. Vendor shall provide Owner s Agent with not less than thirty (30) days written notice prior to any cancellation or material change in coverage. A certificate of insurance stating coverage applies to all operations during the policy period is acceptable. Waiver of Subrogation: All liability and Workers Compensation insurance policies shall provide that the insurance company waives all rights of recovery by way of subrogation against the additional insureds. Financial and Business Standing of Insurance Carriers: All policies of insurance shall be issued by insurers which are authorized to do business in the State where the Building is located and which are rated by AM Best not lower than A- VIII (except workers compensation coverage with State Compensation Funds). Last Revision: 11/15/2011 Page 5 of 5

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