INSURANCE COVERAGE REQUIREMENTS
FOR INDEPENDENT CONTRACTORS
Each independent sub contractor providing residential maintenance services to MFSI for bank owned properties must carry its own insurance coverage.
REQUIRED COVERAGES:
- General Aggregate $2,000,000
- Products/Completed Operations Aggregate $1,000,000
- Each Occurrence Limit $1,000,00
- Personal Injury & Advertising Injury $1,000,000
- Professional E&O $1,000,000
- Assault & Battery $300,000
- Fire Damage to Leased Property $100,000
- Premises Medical Expense $5,000
- Care, Custody and Control $50,000
- Lost Key Coverage $10,000
- Policy per Claim Deductible None
- Blanket Additional Insured Included
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