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BLUERAY MANAGEMENT, LLC (2)
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BLUERAY MANAGEMENT, LLC (2)
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Last modified
4/11/2022 9:27:15 AM
Creation date
4/6/2022 11:43:00 AM
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Contracts
Company Name
BLUERAY MANAGEMENT, LLC
Contract #
A-2022-004
Agency
Parks, Recreation, & Community Services
Council Approval Date
1/18/2022
Expiration Date
1/31/2023
Insurance Exp Date
2/10/2023
Destruction Year
2028
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I <br />2. Primary Coverage: For any claims related to this contract, the <br />Provider's insurance coverage shall be primary coverage at least as <br />broad as ISO CG 20 0.1 041.3 as respects the City, its officers, officials, <br />employees, and volunteers. Any insurance or self-insurance maintained <br />by the City, its officers, officials, employees, or volunteers shall be <br />excess of the Provider's insurance and shall not contribute with it. <br />3. Notice of Cancellation: Each insurance policy required above shall <br />provide that coverage shall not be canceled, except with notice to the <br />City. <br />4. Waiver of Subrogation: Provider hereby grants to City a waiver of any <br />right to subrogation that any insurer of said_,%Pfoyidcr may acquire <br />against the City by virtue of the payment of any loss .under such <br />insurance... =Provider agrees to obtain any endox ement that maybe, <br />necessary to affect this waiverof subrogation, but this provision applies <br />regardless of whether or not the City has received a waiver of <br />subrogation endorsement from the insurer. <br />Self -Insured Retentions: Self -insured retentions must be declared to <br />and approved by the City. The City may require the Provider to purchase <br />coverage with a lower retention or provide proof of ability to pay losses <br />and related investigations, claim administration, and defense expenses <br />within the retention. The policy language shall provide, or be endorsed <br />to provide, that the self -insured retention may be satisfied.by either the <br />named insured or City. <br />6. Acceptability of Insurers: Insurance is to be. placed with insurers <br />authorized to conduct business in the state with a current A.M. Best's <br />rating of no less than A: VII, unless otherwise acceptable to the City. <br />7. Verification of Coverage: Provider shall furnish the City with original <br />Certificates of Insurance including all required amendatory <br />endorsements (or copies of the applicable policy language effecting <br />coverage requiredby this clause) and a copy of the Declarations and <br />Endorsement Page of the CGL policy listing all policy endorsements to <br />City before work begins. However, failure to obtain the required <br />documents prior to the work beginning shall not waive the Provider's <br />obligation to provide them. <br />The City reserves the right to require complete, certified copies of all <br />required insurance policies, including endorsements required by these <br />specifications, at any time. <br />8. Subcontractors: Provider shall require and verify that all <br />subcontractors maintain insurance meeting all the requirements stated <br />Page 3 of 4 <br />
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