Bond and Insurance Requirements

Bond Requirements

Prior to the issuance of a permit, the permittee must deposit with the Town a bond in the amount of $10,000. All bonds are to be in place for a period of two years. Acceptable forms of bond include individual surety bond, blanket surety bond, or cash. Bonds must be signed, sealed, and dated by person named on power of attorney and by the contractor.

Insurance Requirements

Commercial General Liability Insurance

Broad form commercial general liability coverage, naming the Town as additional insured, written on a "per occurrence" basis with an aggregate cap no less than 3 times the required limit:

• $1,000,000 each occurrence, bodily injury to, or death of all persons

• $1,000,000 property damage covering premises and operations liability

• $1,000,000 personal and advertising injury each occurrence

• $1,000,000 bodily injury/property damage aggregate limit

• $1,000,000 completed operations and products liability

Commercial Automobile Insurance

Commercial automobile insurance which shall cover the operation of all motor vehicles owned by the contractor. Such insurance shall also cover the hired and non-owned autos of the contractor, and the amounts of such insurance shall be in the following minimum limits:

• $1,000,000 each accident, bodily injury to, or death of all persons

• $1,000,000 property damage each accident

• $1,000,000 hired and non-owned autos

• $1,000,000 bodily injury/property damage aggregate limit

Worker's Compensation & Employer's Liability Insurance

Contractor shall carry workmen's compensation insurance in accordance with the requirements of the laws of the State of Connecticut.