Proof of Insurance from Contractor

• For projects where the anticipated cost of construction within the public rights-of-way and easements is $100,000 or less, the contractor shall furnish proof of public liability insurance of not less than $100,000 for any one person and $300,000 for any one accident, and property damage insurance of not less than $100,000
• For projects where the anticipated cost of construction within the public rights-of-way and easements exceeds $100,000, the contractor shall furnish proof of public liability insurance of not less than $1,000,000 for any one person and $3,000,000 for any one accident, and property damage insurance of not less than $500,000
• All insurance shall be duly executed by an insurance company authorized to do business in the State of Texas
• The Town of Addison will accept certificates of self-insurance issued by the State of Texas
• The Town of Addison will accept letters written by the applicant in those instances where the State does not issue such letters, which provide the same coverage as required herein.  For the Town to accept such letters, applicants must demonstrate by written information that they have adequate financial resources to be a self-insured entity as reasonably determined by the Town, based on financial information requested by and furnished to the Town.
• The above insurance requirements may be met by applicants with a current franchise or license, and applicants governed by Chapter 283 of the Texas Local Government Code if the current franchise, license or statutory indemnity adequately provides for insurance or bonds or provides an indemnity in favor of the Town