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BACKFLOW APPARATUS & VALVE, CO. (2)
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BACKFLOW APPARATUS & VALVE, CO. (2)
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Last modified
8/19/2024 2:51:31 PM
Creation date
12/19/2022 4:23:32 PM
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Contracts
Company Name
BACKFLOW APPARATUS & VALVE, CO.
Contract #
N-2022-369
Agency
Public Works
Expiration Date
8/31/2024
Insurance Exp Date
10/31/2024
Destruction Year
2029
Notes
For Insurance Exp. Date see Notice of Compliance
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3. Notice of Cancellation: Each insurance policy required above shall provide that <br />coverage shall not be canceled, except with notice to the City. <br />4. Waiver of Subrogation: Contractor hereby grants to City a waiver of any right to <br />subrogation that any insurer of said Contractor may acquire against the City by virtue <br />of the payment of any loss under such insurance. Contractor agrees to obtain any <br />endorsement that may be necessary to affect this waiverof subrogation, but this <br />provision applies regardless of whether or not the City has received a waiver of <br />subrogation endorsement from the insurer, <br />5. Self -Insured Retentions: Self -insured retentions must be declared to and approved by <br />the City. The City may require theContractor to purchase coverage with a lower <br />retention or provide proof of ability to pay losses and related investigations, claim <br />administration, and defense expenses within the retention. The policy language shall <br />provide, or be endorsed to provide, that the self -insured retention may be satisfied by <br />either the named insured or City, <br />6. Acceptability of Insurers: Insurance is to be placed with insurers authorized to <br />conduct business in the state with a current A.M. Best's rating of no less than A:VIl, <br />unless otherwise acceptable to the City. <br />7. Claims Made Policies: <br />If any of the required policies provide coverage on a claims -made basis: <br />The Retroactive Date must be shown, and must be before the date of the contract <br />or the beginning of contract work. <br />ii. Insurance must be maintained and evidence of insurance must be provided for <br />at least Jive (5) year after completion of the contract of work. <br />iii. If coverage is canceled or non -renewed, and not replaced with another clainw- <br />made policy, farm with a Retroactive Date prior to the contract effective date, <br />the Contractor must purchase "extended reporting" coverage for a minimum of <br />five (5) years after completion of work. <br />8. Verification of Coverage: Contractor shall furnish the City with original Certificates <br />of Insurance including all required amendatory endorsements (or copies of the <br />applicable policy language effecting coverage requiredby this clause) and a copy of the <br />Declarations and Endorsement Page of the COL policy listing alipolicy endorsements <br />to City before work begins. However, failure to obtain the required documents prior to <br />the work beginning shall not waive the Contractor's obligation to provide them. <br />The City reserves the right to require complete, certified copies of all required insurance <br />policies,inciuding endorsements required by these specifications, at any time. <br />Page 4 of 9 <br />
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