Brooklyn Crossing 18 Sixth Ave, Brooklyn, NY 11217: Insurance Requirements For Contractors / Vendors

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Brooklyn Crossing

18 Sixth Ave,
Brooklyn, NY 11217

Insurance Requirements for Contractors / Vendors

The contractor should list every name shown below as an


ADDITIONAL INSURED including the TENANT, if applicable, under
the contractors Liability Insurance Policy. There should also
be a HOLD HARMLESS/INDEMNIFICATION AGREEMENT signed by the
CONTRACTOR agreeing to HOLD HARMLESS and to INDEMNIFY all of the
names shown below including the TENANT

CERTIFICATE HOLDER:

Urban Associates, LLC


400 West 59th Street Third Floor
New York, NY 10019

ADDITIONAL INSURED:

18 Sixth Ave Owner LLC


The Brodsky Organization LLC
Urban Associates LLC
Tishman Construction Corporation of New York
Greenland US Management LLC

The members, affiliates, partners, managers, officers, employee,


and agent of any of the above names (but excluding licensed
professional agents).

No diminution of limits of insurance will be permitted.

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SSL-DOCS1 1681369v2
EXHIBIT B

Each contractor shall provide insurance of the types and in not


less than the limits set forth below with a company or companies
satisfactory to the Managing Agent as additional named insureds.

i. WORKER’S COMPENSATION as required by law together with


Employer’s Liability Insurance and Disability Benefits
Insurance as required by the State of New York.

ii. COMMERCIAL GENERAL LIABILITY including Contractor’s Liability


and Blanket Contractual Liability (oral or written), all on
an occurrence basis with Personal Injury Coverage, which
shall include mental anguish as well as standard conditions,
and Broad Form Property Damage, without any exclusion
relating to Explosion, Collapse and Underground Property
Damage.

The policy will contain the “Broad Form Comprehensive General


Liability” endorsement in Section 1 in such form; the
exclusion pertaining to liability assumed by the Contractor
under any contract or agreement (Section II Section B(l) is
to be deleted). The Completed Operations Coverage is to
extend for a period of one year following termination of the
Work and Contractual Indemnity Coverage is also to extend for
one year following termination of the Work. The policy is
also to include (a) Owners Protective Liability Coverage, (b)
Knowledge of Occurrence and Notice of Occurrence endorsements
and (c) Unintentional Errors and Omissions clause. The policy
shall also include coverage with respect to asbestos exposure
if the Work involves any asbestos-containing material, and
shall not include a sunset clause without the Board’s consent.

$1,000,000 BODILY INJURY & PROPERTY DAMAGE1*


(combined single limit)

iii. COMPREHENSIVE AUTOMOBILE LIABILITY, including non-ownership


and hired car coverage, as well as owned vehicles:

$1,000,000 BODILY INJURY & PROPERTY DAMAGE


(combined single limit)

iv. UMBRELLA LIABILITY, BODILY INJURY, PERSONAL INJURY AND


PROPERTY DAMAGE. If umbrellas are written in more than one
company any layers above the first one shall follow the form
of the primary umbrella.
$3,000,000 COMBINED2*
(combined single limit)

Prior to the commencement of any work hereunder, detailed


certificates of insurance shall be furnished to the Managing Agent
showing that such insurance is in full force and the premiums due
thereunder have been paid. Such certificates shall provide that
the said insurance may not be canceled, terminated or modified
without ten (10) days written advance notice thereof to the
Managing Agent. The Contractor shall promptly furnish the Managing
Agent with copies of any endorsements subsequently issued amending
insurance coverage or limits.

In the event of the failure of the Contractor to furnish and


maintain such insurance, the Managing Agent shall have the right,
at its option, at any time:

a) to revoke permission to perform the work and to deny entry


into the Building of all workers, except that if such
workers are escorted by a member of the Building’s staff,
they shall be permitted to remove their tools and supplies,
or

Compliance with the foregoing requirements to carry insurance and


furnish certificates shall not relieve Managing Agent from
liability assumed under any provisions of this Agreement.

The Contractor’s insurance policy shall also contain in substance


the following endorsement:

This insurance shall not be invalidated should the insured


waive, in writing, prior to a loss, any or all right of
recovery against any party for the loss occurring to the
property described herein.

Nothing in this Exhibit B shall constitute a waiver of or


limitation of any other rights or remedies the Managing Agent
may have for consequential damages or otherwise.
HOLD HARMLESS

To the fullest extent permitted by law, the Contractor shall


indemnify and hold harmless the entities shown on the next page
including the officers, directors and employees, and agents and
employees of any of the above from and against claims, damages,
losses and expenses, including but not limited to attorneys'
fees, arising out of or resulting from the performance of the
Work, provided that such claim, damage, loss or expense is
attributable to bodily injury, sickness, disease or death, or to
injury to or destruction of property including loss of use
resulting therefrom.

General Condition

A. It is agreed by all parties shown on the next page including


the Contractor that this Addendum is part of the Contract for
all work to be performed by the Contractor, and that the
obligations of the Contractor under this Addendum shall survive
the completion of the performance by the Contractor of the Work
performed by the Contractor in connection with the performance
of each job.

B. The Contractor agrees that failure of any of the entities


shown on the next page to enforce any of the terms of the
Addendum shall not waive the responsibility of the contractor to
comply with these conditions and requirements.

C. If any part of the work is sub-contracted, each of the sub-


contractors (including subcontractors of a sub-contractor, etc.)
shall contract to comply fully in the same manner as the
Contractor, and each such sub-contractor (including sub-
contractor of a subcontractor, etc.) shall contract in writing
to provide the insurance coverages specified in this Addendum,
and subject to the same terms and conditions (including notice
of cancellation, non-renewal, or reduction in coverage) as are
agreed to in this Addendum.

D. The obligations set out in this Addendum shall be in addition


to all other obligations assumed by Contractor; shall not be
construed to negate, diminish or otherwise reduce any other
rights of any of the entities shown below, and all liability for
breach of performance shall survive the termination of this
contract. Among other obligations, Contractor shall take all
necessary precautions to prevent injury to persons or property
during the progress of such work; and the maintenance of public
liability insurance and the agreement to hold harmless shall not
discharge the obligation.
E. This Addendum shall be interpreted under the law of the State
of New York; and to the maximum extent feasible, shall be
construed to conform and comply with such law. If any portion of
this Addendum is judicially held invalid, the remainder shall
survive such declaration and be valid and enforceable.

THE ABOVE IS AGREED:

X___________________________
Signature

Title_________________________

Company_____________________

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