FNB Minimum Insurance Requirements

Prior to the commencement of any work, each Vendor shall purchase and maintain insurance of the following types of coverage and minimum limits of liability, which shall be maintained until final completion of the work and acceptance by F.N.B. Corporation or its subsidiaries and affiliates (collectively, FNB), and for such longer period of time as specified herein and not less than the statute of limitations at the location of the project. Upon FNB's request, Vendor shall provide FNB with certificates of insurance evidencing such insurance.

Coverage	Limits
General Aggregate	$2,000,000
Products/Completed Operations Aggregate	$2,000,000
Each Occurrence Limit	$1,000,000
Personal/Advertising Injury	$1,000,000
Damage to Rented Premises	$100,000
Medical Payments (Any One Person)	$10,000
Automobile Liability
Bodily Injury/Property Damage (Each Accident)	$1,000,000
Personal Injury Protection (if applicable)	Statutory
Workers’ Compensation
Workers’ Compensation	Statutory
Employers’ Liability	$1,000,000
Excess (Umbrella) Liability
Aggregate	$3,000,000
Pollution Liability (if applicable)
General Aggregate	$2,000,000
Each Occurrence Limit	$1,000,000

NOTE: THE TOTAL EXCESS LIMITS FOR MEDIUM PROJECTS SHALL BE A
MINIMUM OF $5,000,000, AND A MINIMUM OF $10,000,000 FOR LARGE PROJECTS.

 

Small Project (≤ $100,000.99) Minimum Insurance Requirements:

• General Liability Insurance: A minimum coverage of $1,000,000 per occurrence and $2,000,000 aggregate
• Workers' Compensation Insurance: Compliance with state laws and regulations regarding workers' compensation coverage. (Not applicable to sole proprietorship)

Medium Project ($100,001.00 to $500,000.99) Minimum Insurance Requirements:

• General Liability Insurance: A minimum coverage of $1,000,000 per occurrence and $2,000,000 aggregate
• Workers' Compensation Insurance: Compliance with state laws and regulations regarding workers' compensation coverage

Large Project (≥ $500,001.00) Minimum Insurance Requirements:

• General Liability Insurance: A minimum coverage of $2,000,000 per occurrence and $4,000,000 aggregate
• Workers' Compensation Insurance: Compliance with state laws and regulations regarding workers' compensation coverage
• Professional Liability Insurance: A minimum coverage of $1,000,000 per occurrence and $2,000,000 aggregate (if applicable)

COMMERCIAL GENERAL LIABILITY (CGL):

Commercial General Liability Insurance provided on a current ISO form CG 00 01 or its equivalent including coverage for damages because of bodily injury, property damage, personal and advertising injury and for the products-completed operations hazard with limits of at least $1,000,000 Each Occurrence and $2,000,000 Aggregate which shall be provided on a per policy basis. This is applicable only for construction projects or general contracts and only for “Large Projects.”

EXCESS/UMBRELLA LIABILTY:

Commercial Excess/Umbrella Liability with limits of at least $3,000,000 providing coverage excess to, and at least as broad as, the underlying Commercial General Liability, Automobile Liability and Workers’ Compensation insurance. Coverage shall “drop down" for defense and indemnity in the event of exhaustion/insolvency of the underlying insurance.

Without limiting the foregoing, the Commercial General Liability and Excess/Umbrella policy coverage shall (a) include no narrowing modification or deletion of the ISO standard definition of “insured contract;” and (b) contain no exclusions or limitations applying to actions brought by an employee of the Vendor against any Additional Insureds.

Each party agrees to provide and maintain a valid and enforceable surety bond from a reputable bonding company authorized to transact business in the relevant jurisdiction. The bond shall be in an amount deemed acceptable by both parties and shall be obtained prior to the commencement of any work or execution of any obligations under these Minimum Insurance Requirements. The purpose of the bond is to guarantee the faithful performance of each party's obligations, including the timely and satisfactory completion of the agreed-upon tasks and deliverables. In the event of default, breach or failure to perform by either party, the bonding company shall be liable to the non-defaulting party for any resulting losses, damages or costs, up to the full amount of the bond. The bond shall remain in effect for the duration of the [Master Agreement], and each party shall promptly provide any necessary updates or renewals as required. Failure to comply with the bonding requirements may result in termination of the [Master Agreement] or other remedies available to the non-defaulting party as stipulated in this agreement or by applicable laws and regulations. This section relates to specific work and does not pertain to all projects.

In the performance of this section, the Vendor acknowledges and agrees to adhere to the following provisions regarding chemical use and management:

• Compliance with Laws and Regulations: The Vendor shall comply with all applicable laws, regulations, and industry standards related to the use, handling, storage, transportation, and disposal of chemicals. This includes, but is not limited to, laws governing environmental protection, occupational health and safety, and hazardous materials management.
• Safe Handling and Storage: The Vendor shall ensure that all chemicals used in relation to the services provided under this Minimum Insurance Requirements are handled, stored and transported in a safe and responsible manner. This includes using appropriate containers, labeling and safety data sheets (SDS) for all chemicals, as required by relevant regulations.
• Employee Training: The Vendor shall provide adequate training to its employees who handle or work with chemicals, ensuring they have the necessary knowledge and skills to perform their tasks safely. Training programs should cover proper handling, storage, personal protective equipment (PPE) usage, emergency response procedures, and any specific requirements related to the chemicals being used.
• Risk Assessment and Management: The Vendor shall conduct regular risk assessments to identify potential hazards associated with the use of chemicals and implement appropriate control measures to mitigate those risks. This may include implementing engineering controls, administrative controls or the use of PPE as necessary.
• Environmental Protection: The Vendor shall take all reasonable measures to prevent chemical spills, leaks or releases that could harm the environment. This includes implementing appropriate containment measures, utilizing secondary containment systems and promptly reporting and addressing any spills or releases that occur.
• Disposal and Waste Management: The Vendor shall ensure that all chemical waste generated as a result of their operations is managed and disposed of in compliance with applicable laws and regulations. Proper waste segregation, recycling, treatment, and disposal methods shall be employed, following best practices and relevant guidelines.
• Reporting and Documentation: The Vendor shall maintain accurate records of chemical usage, storage and disposal as required by applicable regulations. These records should include inventory logs, SDSs, waste manifests, training records and any other relevant documentation. The Vendor shall provide copies of such records upon request by the other party or regulatory authorities.
• Indemnification: The Vendor agrees to indemnify, defend, and hold harmless the other party from any claims, liabilities, damages, losses or expenses arising out of or related to the Vendor's use, handling or management of chemicals under this Master Agreement, except to the extent caused by the other party's negligence or willful misconduct.
• Pollution Liability: When any remediation work is performed which may cause a pollution exposure, vendor’s Pollution Liability shall be provided with limits of not less than $1,000,000 insuring bodily injury, property damage and environmental remediation, cleanup costs and disposal.

Both parties acknowledge their commitment to the safe and responsible use of chemicals, and this Chemical Use section shall remain in effect for the duration of the Minimum Insurance Requirements. This section relates to specific work and does not pertain to all projects.

A. INSURER REQUIREMENTS

Each insurer providing insurance coverage as required in this Exhibit shall be a licensed, admitted insurer authorized to issue such coverage in the state where the work is located, and shall have an AM Best rating of “A-", Financial Category V11 or better.

B. ADDITIONAL INSUREDS

All insurance required by this Exhibit (excluding only Workers’ Compensation and Professional Liability insurance) shall name F.N.B. Corporation and each of the subsidiaries, members, affiliates, directors, officers, representatives, agents and employees, all parties required to be indemnified, and all other parties reasonably requested by F.N.B. Corporation (hereinafter, collectively the Additional Insureds). All policies (including primary, excess and/or umbrella) shall state that the insurance provided to the Additional Insureds is primary and non-contributory to any other insurance maintained by or available to the Additional Insureds.

With respect to the Contractors -- Commercial General Liability insurance policy required under this Agreement, the following ISO forms are required: Additional Insureds; Endorsement ISO CG 20 38 12 19 which must specifically include subcontractor(s) and CG 20 40 12 19 Automatic Completed Operations; Primary and Non-Contributory Other Insurance Endorsement CG 20 01 0413; Waiver of Subrogation CG24 04 12 19 or equivalent.

With respect to Vendors other than Contractors -- the Commercial General Liability insurance policy required under this Agreement, the following ISO forms are required: Additional Insured - CG 20 43 12 19 and CG 20 37 12 19; Completed Operations - CG 20 37 12 19; Waiver of Subrogation - CG 24 53 12 19.

C. SCOPE OF COVERAGE AND LIMITS OF INSURANCE

The insurance provided to the Additional Insureds must be at least as broad as that provided to the First Named Insured on each policy. In the event that any policy provided in compliance with this Exhibit states that the coverage provided to an Additional Insured shall be no broader than required by the contract, or words of similar meaning, the parties agree that nothing in this Exhibit is intended to restrict or limit the breadth of such coverage. Furthermore, the limits of insurance provided to F.N.B. Corporation shall be of the greater of the limits maintained in the normal course of the Vendor’s business or the minimum limits specified in this Exhibit. The limits stated above for each type of insurance are minimum limits only. In the event the Vendors’ policy or policies provides greater limits, then the Additional Insured shall be entitled to, or to share in, the full limits of such insurance policy or policies, and this exhibit shall be deemed to require the full limits.