SCRAP METAL SERVICES, LLC. (“Buyer”) GENERAL TERMS AND CONDITIONS OF PURCHASE
If performing work on Buyer’s premises, at all times during this Purchase Order, Seller agrees to maintain Worker’s Compensation insurance in compliance with the applicable statutory requirements as well as Employers’ Liability insurance in an amount not less than $1,000,000.
At all times during this Purchase Order, Seller agrees to maintain Automobile Liability insurance for bodily injury and property damage including coverage for owned, non-owned and hired vehicles in an amount not less than $1,000,000 combined single limit.
At all times during this Purchase Order, Seller agrees to maintain Comprehensive General Liability insurance for bodily injury and property damage in an amount not less than $1,000,000 per occurrence and $1,000,000 aggregate. The insurance must include coverage for the following; Premises/Operations Liability, Products/Completed Operations Liability, Explosion, Collapse and Underground (XCU) exclusion deleted, Blanket Contractual Liability Coverage, Personal Injury Liability, Broad Form Property Damage, Independent Contractors, and Fire Legal Liability.
All such insurance noted above must provide a waiver of subrogation, where allowed by law, in favor of Buyer. In addition, the liability policies must include Buyer, its directors, officers, agents and employees as an additional insured. Coverage must also respond as primary and non-contributory.
At all times during this Purchase Order, Seller agrees to maintain Contractor’s Equipment insurance on an “all risk” basis covering equipment owned, leased or used by Seller. Such insurance shall include a waiver of subrogation in favor of Buyer. Seller also agrees to release and hold harmless Buyer for any loss or damage to its equipment. Seller’s certificate of insurance must set forth the text of or refer specifically to the above clause. The certificate must also provide that Buyer will be given not less than 30 days prior written notice of any material change in or cancellation of said policies.