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CBRE | Data Center Solutions (DCS)
Risk Adjusted Insurance Limits – U.S.
Risk Tier
CGL
Occurrence / Aggregate
Umbrella /
Excess
Auto
Worker's Comp/
EL
Errors & Omissions
CONDITIONAL REQUIREMENTS
Crime
Cyber Liability'
Tier I
$2M / $5M
$8M
$5M
Statutory / $1M
$10M
$10M
$5M
Additional Insurance Requirements
The Description of Operations (“Additional Insured”) language shall be:
"
"CBRE Managed Services, Inc., JP Morgan Chase Bank N.A. and all participating affiliates are included as Additional Insureds on the General and Automobile Liability policies with a Waiver of Subrogation on General, Automobile and Worker Compensation policies as their interests may appear in regard to work performed or services provided by the named insured.
THE LIMITS REQUIRED MAY BE SATISFIED BY ANY COMBINATION OF PRIMARY AND EXCESS COVERAGE.
License/Rating. All insurance policies shall be in customary forms and shall be issued by companies authorized to do business in the states where the Services are performed and rated “A-,” FSC Class VIII or better by the most current A. M. Best’s Insurance Reports.
Notice of Cancellation. CBRE shall, be given not less than thirty (30) days’ notice prior to the cancellation of any insurance required by this Agreement for other than non-payment of premiums. CBRE shall be given at least ten (10) days’ notice prior to cancellation of any required insurance for non-payment of premium.
Service Provider Insurance Primary. Service Provider’s insurance shall be deemed primary with respect to coverage extended to the additional insureds, whose insurance shall be excess and non- contributory with that required of Service Provider hereunder.