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Item 30 - Agreement with PlanetBids, Inc. for eProcurement Suite of Modules
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Item 30 - Agreement with PlanetBids, Inc. for eProcurement Suite of Modules
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City Clerk
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Agenda Packet
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Clerk of the Council
Item #
30
Date
12/21/2021
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unauthorized access (hacking), earthquakes, communications outages, fire, flood, war, an act of <br />God, or the occurrence of any other unforeseen contingency beyond the reasonable control of <br />PlanetBids. <br />f) Insurance. For the term of this Agreement, at its sole cost, PlanetBids shall <br />obtain and maintain insurance as described below: <br />1. Commercial General liability Insurance which shall include, but not be <br />limited to protection against claims arising from bodily and personal injury, including <br />death resulting therefrom and damage to property, resulting from any act or occurrence <br />arising out of PlanetBids' operations in the performance of this Agreement, including, <br />without limitation, acts involving vehicles. The amounts of insurance shall be not less <br />than the following: single limit coverage applying to bodily and personal injury, including <br />death resulting therefrom, and property damage, in the total amount of $1,000,000 per <br />occurrence, and $2,000,000 in the aggregate. Such insurance shall (a) name the <br />Customer, its officers, employees, agents, volunteers, and representatives as additional <br />insured(s); (b) be primary and not contributory with respect to insurance or self- <br />insurance programs maintained by the Customer; and (c) contain standard separation of <br />insureds provisions. <br />2. Cyber liability insurance with limits of not less than $1,000,000 for each <br />occurrence and an annual aggregate of $2,000,000, covering claims involving privacy <br />violations, information theft, damage to or destruction of electronic information, <br />intentional and/or unintentional release of private information, alteration of electronic <br />information, extortion and network security. <br />- Signature Page on Next Page - <br />Copyright OO 2021 PlanetBids, Inc. R210815-26 <br />
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