TSS, INC. dba ALLSTAGE PRO (2) - Laserfiche WebLink

Home Browse Search

(2)Primary Coverage: For any claims related to this contract, the Contractor's insurance coverage shall be primary coverage at least as broad as 15O C6 20 0104 13 as respects the City, its officers, officials, employees, and volunteers. Any insurance or self- insurance maintained by the City, its officers, officials, employees, orvolunteers shall be excess of the Contractor's insurance and shall not contribute with it. (3) Notice of Cancellation: Each insurance policy required above shall provide that coverage shall not be canceled. except with notice to the City, (4) Waiver of Subrogation; Contractor hereby grants to City a waiver of any right to subrogation that any insurer of said Contractor may acquire against the City by virtue of the payment of any loss under such insurance. Contractor agrees to obtain any endorsement that may be necessary to affect this waiver of subrogation, but this provision applies regardless of whether or not the City has received a waiver of subrogation endorsement from the insurer. (5)Self-insured Retentions; Self -insured retentions must be declared to and approved by the City. The City may require the Contractor to purchase coverage with a lower retention or provide proof of ability to pay losses and related imestigations, claim administration, and defense expenses within the retention. The policy language shall provide, or be endorsed to provide, that the self -insured retention may he satisfied by either the named insured or City. (6)Acceptability of Insurers: Insurance is to be placed with insurers authorized to conduct business in the state with a current A.M. Best', rating of no less than A: VI1, unless otlucrwise acceptable to the City. (7)Claims Made Policies. If any of the required policies provide claims-inade coverage: i. The Retroactive pate must be shown, and must be before the date of the contract or the beginning of contract work. ii. insurancc must be maintained and evidence of insurance must be provided for at least five (5) years after completion of the contract of ovork, iii. if coverage is canceled or nun -renewed, and not replaced with another claims -made policy form with a Retroactive Date prior to the contract effective date, the Contractor must purchase "extended reporting" coverage for a minimum of five (5) years after completion of work. (8)Verification of Coverage: Contractor shall furnish the City with original Certificates of Insurance including all required amendatory endorsements (or copies of the applicable policy language effecting coverage required by this clause) and a copy ofthe Declarations and Gndoisement Page ofthe CGI-policy listing all policy endorsements to City before work begins. However, failure Page 4 of 9