AGENDA PACKET_2021-11-02 - Laserfiche WebLink

Home Browse Search

EXHIBIT 2 d.If Subcontractor is or employs a licensed professional such as an architect or engineer: Professional liability (errors and omissions) insurance, with a combined single limit of notless than $1,000,000 per claim with $2,000,000 in theaggregate. e.Thefollowingrequirementsapplytotheinsurancetobeprovidedby Subcontractorpursuant to this section: i.Subcontractor shall maintain all insurance required above in full force and effectfor theentire periodcoveredby thisHUD-VASH SpecialFees Agreement. ii.CertificatesofinsuranceshallbefurnishedtotheContractorupon executionofthisHUD-VASHSpecialFeesAgreementandshallbe approved bythe Contractor. iii.Certificates and policiesshall state that the policies shall not be canceled or reduced in coverage or changed in any other material aspect without thirty(30)days priorwritten noticeto theContractor. iv.Where the amounts or coverage provided by the certificates of insurance provides coverage greater than those listed by this HUD-VASH Special Fees Agreement, the amounts provided by the certificates of insurance shallbeincorporatedbyreferenceintotheHUD-VASHSpecialFees Agreement. v.Subcontractorshallsupply Contractorwithafully executedadditional insuredendorsement. f.If Subcontractor fails or refuses to produce or maintain the insurance required by this section or fails or refuses to furnish the Contractor with required proof that insurance has been procured and is in force and paid for, the Contractor shall have the r election, to forthwith terminate this HUD-VASH Special Fees Agreement.Such termination notification of termination. Subcontractor waives the right to receive compensation and agrees to indemnify the Contractorfor any work performed prior to approvalof insurance by the Contractor. 8.INDEMNIFICATION Subcontractor agrees to defend, and shall indemnify and hold harmless the Contractor, its officers, agents,employees, contractors, special counsel,and representatives fromliability:(1) for personal injury, damages, just compensation,restitution, judicial or equitable relief arising out of claims for personal injury, including death, and claims for property damage, which may arise from the negligentoperations of theSubcontractor, its subcontractors, agents,employees, or other persons acting on its behalf which relates to the services described in section 1 of this HUD-VASH Special Fees Agreement; and (2) from any claim that personal injury, damages, just compensation,restitution,judicialorequitablereliefisduebyreasonofthetermsoforeffects 5