Laserfiche WebLink
4 of 8 <br />commercial liability shall be at least as broad as ISO CG 20 01 04 13 <br />as respects the Customer, its officers, officials, employees, and <br />volunteers. Any insurance or self-insurance maintained by the <br />Customer, its officers, officials, employees, or volunteers shall be <br />excess of NEOGOV¶V insurance and shall not contribute with it. <br />3)Notice of Cancellation- Each insurance policy required above shall <br />state that coverage shall not be canceled, except with notice to the <br />Customer. <br />4)Waiver of Subrogation- NEOGOV hereby grants to Customer a <br />waiver of any right to subrogation which any insurer of NEOGOV <br />may acquire against the Customer by virtue of the payment of any <br />loss under such insurance. NEOGOV agrees to obtain any <br />endorsement that may be necessary to affect this waiver of <br />subrogation, but this provision applies regardless of whether or not <br />Customer has received a waiver of subrogation endorsement from <br />the insurer. <br />5)Self-Insured Retentions- Self-insured retentions must be declared to <br />and approved by the Customer. The Customer may require <br />NEOGOV to provide proof of ability to pay losses and related <br />investigations, claim administration, and defense expenses within <br />the retention. The policy language shall provide, or be endorsed to <br />provide, that the self-insured retention may be satisfied by either the <br />named insured or Customer. <br />6)Acceptability of Insurers- Insurance is to be placed with insurers <br />authorized to conduct business in the state with a current A.M. BHVW¶V <br />rating of no less than A-:VII, unless otherwise acceptable to the <br />Customer. <br />7)Claims Made Policies- If any of the required policies provide <br />coverage on a claims-made basis: <br />a.The Retroactive Date must be shown and must be before the <br />date of the contract or the beginning of contract work. <br />b.Insurance must be maintained and evidence of insurance <br />must be provided for at least five (5) years after completion <br />of the contract of work. <br />c.If coverage is canceled or non-renewed, and not replaced <br />with another claims-made policy form with a Retroactive <br />Date prior to the contract effective date, NEOGOV must <br />SXUFKaVH ³H[WHQGHG UHSRUWLQJ´ FRYHUaJH IRU a PLQLPXP RI <br />five (5) years after completion of contract work. <br />8)Verification of Coverage- NEOGOV shall furnish the Customer <br />with original Certificates of Insurance including all required <br />amendatory endorsements (or copies of the applicable policy <br />language effecting coverage required by this clause) and a copy of <br />the Declarations and Endorsement Page of the CGL policy listing <br />all policy endorsements to the Customer before work begins. <br />However, failure to obtain the required documents prior to the work <br />beginning shall not waive the NEOGOV¶V obligation to provide