INSURANCE

Insurance Requirements:  LESSEE shall not begin work or occupy the premises under this contract until he has obtained all insurance required by these specifications.  This must be evidenced by the LESSEE furnishing the Port with an original policy or a certificate of insurance, which shall provide that the original policy shall not be cancelled without 30 days prior written notice to the Port.  A 30 day notice shall be given to the Port by the LESSEE of any changes contemplated in any of the policies required by these specifications.  all insurance must be from companies acceptable to the Port.  Evidence of all insurance as required shall be furnished to the address shown in the contract for the Port.

LESSEE shall maintain at all times during the use or occupancy of the Port’s property the following types of insurance with the specified amounts of coverage:

a.  Workmen’s Insurance Statutory Requirements Employers Liability

Workmen’s Insurance Statutory Requirements Employers Liability:                          The below limits apply to Employer’s Liability; the coverage requirement for Worker’s Compensation shall be in an amount as required by state Workmen’s compensation law.

Each Accident                                                              $1,000,000.00                                      Disease – Policy Limit                                                 $1,000,000.00                                      Disease – Each Employee                                           $1,000,000.00

b.  Comprehensive Automobile Liability – The protection shall be                                    comprehensive which must include coverage for loss or damage caused by            collision, fire, theft, vandalism as well as liability for personal injury to                    others or their property caused by the use of all licensed vehicle regardless            of ownership.  the insurance company shall waive its right of subrogation.              The insurance company shall have no rights of recovery against the Port                and shall name the Port as an additional insured.  The combined single                    limit shall be $1,000,000.00 without the permission of the Port.  The                          certificate holder shall be the Port of West St. Mary Parish.  The Tenant                    shall be responsible for the deductible.

c.  General Liability Insurance Requirements – The insurance shall be written              to cover the LESSEE for the following:  injury or damage to a person or his              property by any act or omission of the Tenant, liability for his                                    subcontractors for injury or damage to a person or his property; and                        contractual liability to protect the Port by terms of the contract.  The                        Tenant shall also carry Complete Operations Liability Insurance which                    shall remain effective as per state statute or during the correction period,                whichever is longer.  The insurance company shall waive its right of                        subrogation and shall name the Port as an additional insured.  The                            insurance company shall have no rights of recovery against the Port.  The              insurance company shall not exclude coverage for explosion, collapse, or                underground damage.

The following limits shall be provided for LESSEE’s Liability:

$2,000,000.00     General Aggregate                                                                                      $1,000,000.00     Property Damage                                                                                        $1,000,000.00     Bodily Damage                                                                                            $1,000,000.00     Per Occurrence

The policy shall not be cancelled without the permission of the Port.  The certificate holder shall be the Port of West St. Mary Parish.  If the insurance is cancelled and another policy is not obtained, the Port has the right, but no obligation, to obtain a new policy and to charge the Tenant for the cost of this policy.  The Tenant shall be responsible for the deductible.

d.  Maritime Insurance – the LESSEE shall carry $1,000,000.00 in coverage as                required under the Longshoreman’s and Harbor’s Compensation Act or                  the Jones Act for Seamen for all work not covered under the Workmen’s                  Compensation laws.  The policy shall not be cancelled without the                              permission of the Port.  The certificate holder shall be the Port.  If the                      insurance is cancelled and another policy is not obtained, the Port has the              right, but no obligation, to obtain a new policy and to charge the Tenant for            the cost of this policy.  The Tenant shall be responsible for the deductible.                The insurance company shall waive its right of subrogation and shall name            the Port as an additional insured.  In addition, the insurance shall not                      exclude coverage for damages caused by environmental actions, pollution              and/or hazardous wastes, Naturally Occurring Radioactive Material                          (NORM), or hazardous substances, including without limitation substances            defined as “hazardous substances” in any Hazardous Materials Laws or                  any other federal, state, or local statue law, ordinance, code, rule,                              regulation, order or decree, relating to, or imposing liability or standards of            conduct concerning hazardous materials, waste, or substances now or at                any time hereinafter in effect (collectively, ” Hazardous Materials Laws”).

e.  Each such policy provided above shall provide that it is primary to any                    insurance carried by the Port, notwithstanding anything to the contrary set            forth in the terms, conditions, and provisions of the insurance policies                    carried by either party hereto, including, but not limited to, the “Other                    Insurance” clauses.