Laserfiche WebLink
58 <br />APPENDIX 1 MINIMUM INSURANCE REQUIREMENTS <br /> <br />I. General Requirements <br /> <br />a. All Persons conducting Aeronautical Activities at the Airport pursuant to an Agreement <br />must maintain insurance policies and coverage limits that are relevant and appropriate to <br />the activities conducted at the Airport. Persons required to maintain insurance include, <br />without limitation, Commercial Aeronautical Operators, including FBOs and SASOs; Flying <br />Clubs; conducting self-fueling in accordance with an Agreement, and all subcontractors <br />and subtenants. <br /> <br />b. The Airport Director will establish minimum insurance types and coverage limits for certain <br />Persons conducting Aeronautical Activities at the Airport, provided however that the <br />precise insurance types and limits required by the City will be established in an Agreement <br />and may differ from or exceed such minimum requirements based upon the circumstances <br />and the risks presented by the proposed Aeronautical Activity. <br /> <br />c. In establishing insurance coverage types and limits, the City is not representing or <br />guaranteeing that the types and limits are adequate to protect any Person’s interests and <br />liabilities. It is understood that the specified amounts of insurance stated herein or in an <br />Agreement shall in no way limit the liability of a Person. <br /> <br />d. The City may review insurance requirements during the term of an Agreement and to make <br />reasonable adjustments to required types of insurance coverage, limits and exclusions <br />when deemed necessary and prudent by the Airport Director, e.g. based upon changes in <br />statutory law, court decisions, the claims history of the industry or financial considerations <br />of the insurance company and/or the Person. <br /> <br />e. Each Person required to maintain insurance by operation of these Rules and Standards or <br />an Agreement will provide a Certificate of Insurance listing the City as an additional insured. <br />This obligation will not apply to any workers’ compensation policy. <br /> <br />f. Each Person must maintain the required insurance throughout the term of the Agreement. <br /> <br />g. Each insurance policy, except workers’ compensation, must cover both bodily injury and <br />property damage. <br /> <br />h. Each policy must be primary and non-contributory. <br /> <br />i. Each policy, except a workers’ compensation policy, must insure the defense and <br />indemnity obligations assumed by the Person under the Agreement. <br /> <br />j. It is the Person’s responsibility to pay any retention or deductible for the coverages required <br />herein and in an Agreement. <br /> <br />k. Insurance must be secured by a company authorized to conduct business in the State of <br />Oregon. <br /> <br />l. Insurance policies must include a requirement that a 30-calendar day notice of <br />cancellation, material change or non-renewal will be sent to the Airport Director. <br /> <br />m. In requiring Persons to maintain insurance hereunder, the City will not in any way assume <br />liability for injury and damage occurring on or in connection with the Airport, and the City <br />may claim any defense or immunity available under law, including but not limited to the <br />maximum monetary limits on liability established by Oregon law.