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