Insurance Requirements

Insurance Requirements

Aaron Industrial Solutions, LLC, Aaron Equipment Company, Inc., Aaron Industries, Inc.,

  • COMMERCIAL LIABILITY including Contractual Liability insuring the work contract indemnifications:
    • Aaron Industrial Solutions, LLC , Aaron Equipment Company, Inc., Aaron Industries, Inc., , and any other relevant entities must be named as additional insureds under the ISO endorsements listed below and remain named on the contractor’s policy for at least 2 years after the work is complete):
    • #CG2010 1001 Additional Insured-Owners Lessees or Contractors (for on-going operations) AND #CG2037 1001 Additional Insured-owners, Lessees or Contractors-Completed Operations (for products and completed operations”) or equivalent.     OR
    • #CG2010 1185 Additional Insured-Owners, Lessees or Contractors (Form B)
    • The certificate and endorsements must state that the General Liability Insurance is primary irrespective of other insurance covering the additional insureds and the insurance company will not seek contribution from other insurance available to the additional insured(s).
    • The certificate must state that the General Liability Insurance includes a waiver of transfer of rights of recovery against the additional insured(s).
    • The certificate must state that the General Aggregate Limit applies on a per project/location basis
    • Minimum limits:
      Bodily Injury and Property Damage per occurrence $ 1,000,000
      Fire Damage Legal Liability $ 50,000
      Personal and Advertising Liability $ 1,000,000
      Medical Payments $ 5,000
      General Aggregate other than products $ 1,000,000
      General Aggregate-products and completed operations for two (2) years after completion of all work under the subcontract $ 1,000,000

  • COMMERCIAL AUTOMOBILE LIABILITY insuring all owned, non-owned and hired vehicles with limits of not less than $1,000,000 each accident.

  • STATUTORY WORKERS' COMPENSATION AND EMPLOYERS' LIABILITY including a waiver of the insurer’s right to recover against any of the additional insureds listed on this certificate. Coverage B limits not less than $500,000/$500,000/$500,000.

  • UMBRELLA LIABILITY with per occurrence and annual aggregate limit of not less than $2,000,000-$5,000,000, depending on the scope of the project.

The certificate must state and the policy endorsed that the referenced policies will not be cancelled or non-renewed without 30 days written notice to the certificate holder. All referenced policies must be issued by an insurance company licensed to do business in Illinois, with an A.M. Best’s rating of “A VIII” or better.

The above limit requirements can be achieved by any combination of underlying and Umbrella policies.