New Hampshire Code of Administrative Rules
Rev - Department of Revenue Administration
Chapter Rev 600 - PROPERTY ASSESSMENT
Part Rev 607 - ASSESSING SERVICES INSURANCE AND BOND REQUIREMENTS
Section Rev 607.01 - Indemnification and Insurance

Universal Citation: NH Admin Rules Rev 607.01

Current through Register No. 12, March 21, 2024

(a) A BTLA ordered revaluation or partial update contract shall contain indemnification and insurance statements as follows:

"The contractor agrees to defend and indemnify the municipality, with which it is contracting, against claims for bodily injury, death and property damage which arises in the course of the contractor's performance of the contract and with respect to which the municipality, with which it is contracting, shall be free from negligence on the part of itself, its employees and agents;

The contractor shall not be responsible for consequential or compensatory damages arising from the late performance or nonperformance of the agreement caused by circumstances which are beyond the contractor's reasonable control;

The contractor shall maintain public liability insurance, automobile liability insurance and workmen's compensation insurance unless the contractor is not required to do so by New Hampshire state law;

The public liability insurance shall be in the form of commercial general liability with the inclusion of contractual liability coverage and shall provide limits of:

$1,000,000 each person;

$1,000,000 each occurrence for bodily injury liability, and

$1,000,000 each occurrence for property damage liability; and

The automobile liability insurance shall be in the form of comprehensive automobile liability and shall provide limits of:

$1,000,000 each person; and

$1,000,000 each occurrence for bodily injury liability; and

The contractor shall provide to the municipality and the DRA:

Certificates of insurance by a State of New Hampshire licensed insurer confirming the required insurance coverage for the municipality with which the appraisal contractor is contracting; and

A ten (10) day advance written notice of the cancellation or material change in the required insurance coverage."

(b) All other contracts shall provide specifics as to how the contractor shall indemnify and insure the municipality against claims for bodily injury, death and property damage, or negligence which arises in the course of the contractor's performance of the contract.

(c) Any contractor who is a party to a contract in (a) or (b) above, shall comply with the indemnification and insurance requirements specified in (a) above, or inserted pursuant to (b) above, as applicable.

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