Vendor - Certificate of Insurance:
Penzance Management, LLC, and CFO AV 4040 Beneficiary, LLC, requires that you maintain Comprehensive General Liability Insurance coverage in order to perform work at the property. Therefore, a Certificate of Insurance is required to confirm that the required coverage is in effect.
The certificate must evidence the following minimum limits of coverage:
- Workman's Compensation
- Statutory Limits
Coverage should be specific for the jurisdiction in which the work will be performed
Employers Liability:
- $1,000,000 each accident
- $1,000,000 disease - policy Limit
- $1,000,000 disease - each employee
Commercial General Liability - Insuring against Bodily Injury, Property Damage, Personal Injury and Advertising Injury:
- $1,000,000 combined single limit
- $2,000,000 general aggregate
- $2,000,000 products/completed operations aggregate
Any general aggregate shall apply on a "per project" basis for contracts. Coverage is to be provided on an "occurrence" rather than claims made basis.
Comprehensive Automobile Liability, bodily injury and property damage:
- $1,000,000 combined single limit - any auto
- $1,000,000 aggregate
Excess or Umbrella Liability with a limit of not less than:
- $1,000,000 combined single limit
- $1,000,000 aggregate
All Risk Property for all contractors and vendors who bring tools, equipment, and supplies onto the premises
Replacement cost of the equipment:
The Certificate must also reflect a 30-day notice of cancellation amendment or clause in addition to the required insurance minimums listed above.
Your liability policy must name the following as additional insured, and should be so stated on the certificate of insurance:
CFO AV 4040 Beneficiary, LLC
Penzance Management, LLC
Please forward the Certificate of Insurance to:
Penzance Management, LLC
1680 Wisconsin Ave NW
Suite 300
Washington, DC 20007
Questions regarding this matter should be directed to the Property Management Office at (703) 527-1212.
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