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IDS GROUP, INC. (6)
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IDS GROUP, INC. (6)
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Last modified
8/19/2024 1:18:27 PM
Creation date
6/26/2023 4:09:16 PM
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Contracts
Company Name
IDS GROUP, INC.
Contract #
A-2023-088-12
Agency
Parks, Recreation, & Community Services
Council Approval Date
5/16/2023
Expiration Date
5/15/2026
Insurance Exp Date
5/1/2024
Destruction Year
2031
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General liability coverage can be provided in the form of an <br />endorsement to the Consultant's insurance (at least as broad as ISO <br />Form CG 20 10 11 85 or both CG 20 10, CG 20 26, CG 20 33, or CG <br />20 38; and CG 20 37 forms if later revisions used). <br />(ii) Primary Coverage. For any claims related to this contract, the <br />Consultant's insurance coverage shall be primary insurance primary <br />coverage at least as broad as ISO CG 20 01 04 13 as respects the City, <br />its officers, officials, employees, and volunteers. Any insurance or self- <br />insurance maintained by Y.e City, its officers, officials, employees, or <br />volunteers shall be excess of the Consultant's insurance and shall not <br />contribute with it. <br />(iii)Notice of Cancellation. Each insurance policy required above shall <br />state that coverage shall not be canceled, except with notice to the City. <br />(iv)Waiver of Subrogation. Consultant hereby grants to City a waiver of <br />any right to subrogation which any insurer of said Consultant may <br />acquire against the City by virtue of the payment of any loss under such <br />insurance. Consultant agrees to obtain any endorsement that may be <br />necessary to affect this waiver of 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 />(v) Self -Insured Retentions. Self -insured retentions must be declared to <br />and approved by the City. The City may require the Consultant to <br />purchase coverage with a lower retention or provide proof of ability to <br />pay losses and related investigations, claim administration, and defense <br />expenses within the retention. The policy language shall provide, or be <br />endorsed to provide, that the self -insured retention may be satisfied by <br />either the named insured or City. <br />(vi)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 ANTI, unless otherwise acceptable to the City. <br />(vii) Claims Made Policies. If any of the required policies provide <br />coverage on a claims -made basis: <br />• The Retroactive Date must be shown and must be before the date of <br />the contract or the beginning of contract work. <br />• Insurance must be maintained and evidence of insurance must be <br />provided for at least five (5) years after completion of the contract <br />of work. <br />Page 4 of 10 <br />
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