Housing and Community Development (HCD) additional requirements:

• Property Insurance: Insurance Services Office Form Number CP 00 10 covering BUILDING AND PERSONAL PROPERTY COVERAGE and Insurance Services Office form number (CP 10 30) CAUSES OF LOSS - SPECIAL FORM or project appropriate equivalent is required.  

• National Flood Insurance: The use of CDBG and HOME funds for acquisition or construction purposes in identified flood hazard areas shall be subject to contract agency mandatory purchase of flood insurance as required by Section 102(a) of the Flood Disaster Protection Act of 1973.  

• Builder's Risk/Installation Floater: The contractor shall procure and maintain during the life of the Contract, or until acceptance of the project by King County, whichever is longer, "All Risk" Builders Risk Insurance at least as broad as ISO form number CP0020 ( Builders Risk Coverage Form) with ISO form number CP0030 (Causes of Loss - Special Form) including coverage for collapse, theft and property in transit. The coverage shall insure for direct physical loss to property of the entire construction project, for one hundred percent of the replacement value thereof. The policy shall be endorsed to cover the interests, as they may appear, of King County, Owner, Contractor and subcontractors of all tiers with King County listed as a loss payee. These forms are available at: King County Procurement and Contract Services.

• Minimum Limits of Insurance for HCD Projects: Prior to commencement of building construction and until construction is complete and approved, the Agency shall cause the construction contractor and related professionals to procure and maintain insurance against claims for injuries to persons or damages to property which may arise from, or in connection with the activities related to this Contract. The Agency and County shall be named as additional insureds on liability policies except Workers Compensation and Professional Liability, and as Named Insureds on Builders Risk policies. The cost of such insurance shall be paid by the Agency and/or any of the Agency's contractors/ subcontractors. The Agency shall maintain limits no less than the following:
  • Commercial General Liability: $1,000,000 combined single limit per occurrence for bodily injury, personal injury and property damage and $2,000,000 in the aggregate
  • Automobile Liability: $1,000,000 combined single limit per accident for bodily injury and property damage
  • Professional Liability, Errors & Omissions: $1,000,000 per claim and in the aggregate
  • Builder's Risk Insurance: One hundred percent replacement cost value.
  • Workers Compensation: Statutory requirements of the state of residency.
  • Stop Gap or Employers Liability Coverage: $1,000,000.

• Property Coverage Policies: The County shall be added to all Property Coverage Policies as a loss payee as its interests may appear.