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<br />AIA Document A201 – 2017. Copyright © 1911, 1915, 1918, 1925, 1937, 1951, 1958, 1961, 1963, 1966, 1970, 1976, 1987, 1997, 2007 and 2017. All rights
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<br />ARTICLE 11 INSURANCE AND BONDS
<br />§ 11.1 Contractor’s Insurance and Bonds
<br />§ 11.1.1 The Contractor shall purchase and maintain insurance of the types and limits of liability, containing the
<br />endorsements, and subject to the terms and conditions, as described in the Agreement or elsewhere in the Contract
<br />Documents. The Contractor shall purchase and maintain the required insurance from an insurance company or
<br />insurance companies lawfully authorized to issue insurance in the jurisdiction where the Project is located. The
<br />Owner, Architect, and Architect’s consultants shall be named as additional insureds under the Contractor’s
<br />commercial general liability policy or as otherwise described in the Contract Documents.
<br />§ 11.1.2 The Contractor shall provide surety bonds of the types, for such penal sums, and subject to such terms and
<br />conditions as required by the Contract Documents. The Contractor shall purchase and maintain the required bonds
<br />from a company or companies lawfully authorized to issue surety bonds in the jurisdiction where the Project is located.
<br />§ 11.1.3 Upon the request of any person or entity appearing to be a potential beneficiary of bonds covering payment of
<br />obligations arising under the Contract, the Contractor shall promptly furnish a copy of the bonds or shall authorize a
<br />copy to be furnished.
<br />§ 11.1.4 Notice of Cancellation or Expiration of Contractor’s Required Insurance. Within three (3) business days of the
<br />date the Contractor becomes aware of an impending or actual cancellation or expiration of any insurance required by
<br />the Contract Documents, the Contractor shall provide notice to the Owner of such impending or actual cancellation or
<br />expiration. Upon receipt of notice from the Contractor, the Owner shall, unless the lapse in coverage arises from an act
<br />or omission of the Owner, have the right to stop the Work until the lapse in coverage has been cured by the
<br />procurement of replacement coverage by the Contractor. The furnishing of notice by the Contractor shall not relieve
<br />the Contractor of any contractual obligation to provide any required coverage.
<br />§ 11.2 Owner’s Insurance
<br />§ 11.2.1 Intentionally Omitted
<br />§ 11.2.2 Intentionally Omitted
<br />§ 11.2.3 Intentionally Omitted
<br />§ 11.3 Waivers of Subrogation
<br />§ 11.3.1 The Owner and Contractor waive all rights against (1) each other and any of their subcontractors,
<br />sub-subcontractors, agents, and employees, each of the other; (2) the Architect and Architect’s consultants; and (3)
<br />Separate Contractors, if any, and any of their subcontractors, sub-subcontractors, agents, and employees, for damages
<br />caused by fire, or other causes of loss, to the extent those losses are covered by property insurance required by the
<br />Agreement or other property insurance applicable to the Project, except such rights as they have to proceeds of such
<br />insurance. The Owner or Contractor, as appropriate, shall require similar written waivers in favor of the individuals
<br />and entities identified above from the Architect, Architect’s consultants, Separate Contractors, subcontractors, and
<br />sub-subcontractors. The policies of insurance purchased and maintained by each person or entity agreeing to waive
<br />claims pursuant to this section 11.3.1 shall not prohibit this waiver of subrogation. This waiver of subrogation shall be
<br />effective as to a person or entity (1) even though that person or entity would otherwise have a duty of indemnification,
<br />contractual or otherwise, (2) even though that person or entity did not pay the insurance premium directly or indirectly,
<br />or (3) whether or not the person or entity had an insurable interest in the damaged property.
<br />§ 11.3.2 If during the Project construction period the Owner insures properties, real or personal or both, at or adjacent
<br />to the site by property insurance under policies separate from those insuring the Project, or if after final payment
<br />property insurance is to be provided on the completed Project through a policy or policies other than those insuring the
<br />Project during the construction period, to the extent permissible by such policies, the Owner waives all rights in
<br />accordance with the terms of Section 11.3.1 for damages caused by fire or other causes of loss covered by this separate
<br />property insurance.
<br />§ 11.4 Loss of Use, Business Interruption, and Delay in Completion Insurance
<br />The Owner, at the Owner’s option, may purchase and maintain insurance that will protect the Owner against loss of
<br />use of the Owner’s property, or the inability to conduct normal operations, due to fire or other causes of loss. The
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