Exhibit 16 2025 Construction Insurance Requirements

INSURANCE REQUIREMENTS FOR CONSTRUCTION SUBCONTRACTS

1. Insurance: This clause applies to work performed at the Fermi National Accelerator Laboratory (Fermilab) worksite and incorporates the insurance requirements of Fermi Forward Discovery Group, LLC.
2. Minimum Insurance Coverage: Before undertaking any work under this Subcontract, the Subcontractor shall, except as otherwise approved by FFDG, take out and maintain at its own cost and expense, insurance coverages in at least the amounts listed below, through insurers with an A.M. Best rating of A, VII or higher.

LINE OF COVERAGE

LIMITS

GENERAL LIABILITY

EACH OCCURRENCE

$1,000,000

Commercial General Liability
General Aggregate Limit applies per
☒Occurrence ☒Project

GENERAL AGGREGATE

$2,000,000

PRODUCTS – COMPLETED OPERATIONS

$2,000,000

AGGREGATE

(To be maintained for at least 10 years after final
completion)
Coverage will be at least as broad as ISO form CG 00 01

AUTOMOBILE LIABILITY

COMBINED SINGLE LIMIT AND IN THE

Any Auto

AGGREGATE

☒Occurrence

Covering owned, non‐owned, and hired automobiles

$1,000,000

with coverage at least as broad as ISO Business Auto
Form CA 00 01

EXCESS LIABILITY

For all liability coverages required

☒Occurrence

following form of underlying insurance:

WORKERS’ COMPENSATION

For Subcontracts less than $3.5M

$1,000,000

For Subcontracts greater than $3.5M

$5,000,000

WC STATUTORY

As required by

OTHER

LIMITS

Illinois Law

E.L. EACH ACCIDENT

$1,000,000

EMPLOYER’S LIABILITY

E.L. DISEASE EA EMPLOYEE

$1,000,000

E.L. DISEASE‐POLICY LIMIT

$1,000,000

CONTRACTOR’S POLLUTION

EACH OCCURRENCE OR PER CLAIM

$1,000,000

Annual Aggregate or greater, depending on the extent

$1,000,000

LIABILITY

of the risk given the nature and scope of work; If policy is claims‐made, the retroactive date or prior acts
exclusion shall pre‐date the date of the Subcontract and the date services are first provided.
Coverage shall be maintained for a minimum of 5 years
after project completion or, if cancelled, maintain an
extended reporting period for 5 years after last work is performed.

CONTRACTOR’S PROFESSIONAL

*Applicable to subcontracts that have design/build,

LIABILITY

delegated design, or construction management services

Insurance Requirements ‐ Construction 01/2025

$1,000,000

☒ Claims Made and in Aggregate

requirements. The retroactive date or prior acts
exclusion shall pre‐date the date of the Subcontract and the date services are first provided. Coverage shall be maintained for a minimum of 5 years after project
completion or, if cancelled, maintain an extended