10. Insurance and Risk Allocation

City Commission Meeting · 2026-07-23 · agenda_item

This item concerns insurance and risk allocation for a project, detailing requirements for general liability and workers' compensation insurance. Newtown, the party responsible for vendor and contractor oversight, will require third-party vendors and contractors to carry appropriate insurance. The agreement also outlines indemnification responsibilities, where each party is responsible for their own negligent acts. Newtown will also be responsible for the care of loaned or exhibited items. This item is currently under review. The scope of work will involve ensuring all vendors and contractors meet insurance requirements, which may include site clearing and grading, utility work, paving, building construction, and final landscaping, depending on the nature of the project. Contractors, suppliers, and service providers are encouraged to reach out early to understand insurance obligations and other requirements before bids and permits are finalized, as this can provide a competitive advantage.

general liability insurance limit

100000.00 per individual

general liability insurance limit

300000.00 per incident