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Item 20 - Agreement with 3Di, Inc. for the Rent Stabilization
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Item 20 - Agreement with 3Di, Inc. for the Rent Stabilization
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City Clerk
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Agenda Packet
Agency
Clerk of the Council
Item #
20
Date
2/7/2023
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Other Insurance Provisions <br />The insurance policies are to contain, or be endorsed to contain, the following provisions: <br />Additional Insured Status <br />The Customer, its officers, officials, employees, and volunteers are to be covered as <br />additional insureds on the CGL policy with respect to liability arising out of work or <br />operations performed by or on behalf of the Vendor including materials, parts, or <br />equipment furnished in connection with such work or operations. General liability <br />coverage can be provided in the form of an endorsement to the Company’s insurance (at <br />least as broad as ISO Form CG 20 10 11 85 or both CG 20 10, CG 20 26, CG 20 33, or <br />CG 20 38; and CG 20 37 forms if later revisions used). <br />Please note, if there is an insured vs. insured exclusion on the vendor’s policy, carefully <br />review with the vendor and their insurance carrier on whether being added as an additional <br />insured onto the vendor’s policy removes your organization’s ability to file suit against the <br />vendor and draw upon the policy should final adjudication in a lawsuit state that the vendor <br />shall pay damages to your organization. <br />Primary Coverage <br />For any claims related to this contract, the Vendor’s insurance coverage shall be <br />primary. Coverage for commercial liability shall be at least as broad as ISO CG 20 01 04 <br />13 as respects the Customer, its officers, officials, employees, and volunteers. Any <br />insurance or self-insurance maintained by the Customer, its officers, officials, employees, <br />or volunteers shall be excess of the Vendor’s insurance and shall not contribute with it. <br />Notice of Cancellation <br />Each insurance policy required above shall state that coverage shall not be canceled, <br />except with notice to the Customer. <br />Waiver of Subrogation <br />Vendor hereby grants to Customer a waiver of any right to subrogation which any insurer <br />of said Vendor may acquire against the Customer by virtue of the payment of any loss <br />under such insurance. Vendor agrees to obtain any endorsement that may be necessary <br />to affect this waiver of subrogation, but this provision applies regardless of whether or not <br />the Customer has received a waiver of subrogation endorsement from the insurer. <br />Self-Insured Retentions <br />Self-insured retentions must be declared to and approved by the Customer. The Customer <br />may require the Vendor to provide proof of ability to pay losses and related investigations, <br />claim administration, and defense expenses within the retention. The policy language <br />shall provide, or be endorsed to provide, that the self-insured retention may be satisfied <br />by either the named insured or Customer. <br />EXHIBIT 1
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