35-22 Exhibit A - Extension of Agreement for Affordable Housing Administrative Services with CGPH - 2022.pdf

INSURANCE REQUIREMENTS AND ACKNOWLEDGEMENT FORM The minimum amount of insurance to be carried by the Professional Service Entity shall be as follows: PROFESSIONAL LIABILITY INSURANCE Limits shall be a minimum of $1,000,000.00 for each claim and $1,000,000.00 aggregate each policy period. Proof of Insurance Coverage – The Contractor Shall provide the Township of West Orange at the time the contracts are returned for execution, Certificates of Insurance and/or polices acceptable to the municipalities. Continuation of Coverage – If any of the above coverage’s expires during the term of the contract, the contract shall deliver renewal certificates and/or polices to the municipality at least ten (10) days prior to the expiration date. Deductibles – The Contractor shall be solely responsible for payment of any deductibles. Acknowledgement of Insurance Requirement: (Signature) (Date) (Printed Name and Title) 12