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Item 14 - Execution of a Successor & & 2nd Amend. with Keenan & Associates
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06/01/2021 Regular
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Item 14 - Execution of a Successor & & 2nd Amend. with Keenan & Associates
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City Clerk
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Agenda Packet
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Clerk of the Council
Item #
14
Date
6/1/2021
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<br />Keenan & Associates – License #0451271 <br />EB Consulting Services Agreement (PM2) <br />Confidential For Client Use Only <br />(Rev. 05/15/20) <br /> Page 3 of 17 <br />addition to those described in Exhibit A-1, Exhibit A-2, and Exhibit A-2-a shall be <br />subject to additional fees. <br /> <br />B. It is possible that Keenan may also provide services to other entities that participate in or <br />provide services to the Plans (such as management services, underwriting, marketing, <br />claims administration, loss control services, obtaining other insurance and reinsurance). <br />To the extent that such services are provided, Keenan will be separately compensated by <br />the recipient of those services. <br /> <br />C. Consistent with industry practices, insurers may also pay insurance brokers, such as <br />Keenan, indirect compensation based upon volume efficiencies, client renewals, <br />marketing services, product development, technology investments and other additional <br />services. Keenan seeks written assurances from insurers that any such indirect <br />compensation will not adversely impact the pricing or coverage terms that Keenan is <br />able to obtain for its clients. The parties agree that any indirect compensation shall not <br />be considered part of Keenan’s “commissions” as that term may be used elsewhere in <br />this Agreement <br /> <br />D. Keenan shall comply with all applicable state and/or federal laws and regulations <br />regarding disclosure of compensation. We embrace industry efforts for transparency and <br />believe it is important that clients have access to information that may be rele vant to <br />their choice of insurance products, including the cost of such insurance and services, <br />and, the compensation that may be directly or indirectly paid to Keenan in connection <br />with the products or services that are selected. If you have questions regarding any of <br />these items or desire additional information, you may contact your Keenan account <br />representative to discuss this matter in more detail. <br /> <br />5. INSURANCE <br /> Keenan shall procure and maintain during the term of this Agreement the following <br /> insurance coverages, and shall provide certificates of insurance to Client upon Client’s <br /> request. <br /> <br />(1) Workers’ Compensation. Workers’ Compensation Insurance in conformance with <br />the laws of the State of California and applicable federal laws with limit of no less <br />than $1,000,000 per accident for bodily injury or disease. <br /> <br />(2) Commercial General Liability Insurance (CGL). Insurance Services Office Form <br />CG 00 01 covering CGL on an “occurrence” basis, including products and <br />completed operations, property damage, bodily injury and personal & advertising <br />injury with limits no less than $2,000,000 per occurrence. If a general aggregate limit <br />applies, either the general aggregate limit shall apply separately to this <br />project/location (ISO CG 25 03 or 25 04) or the general aggregate limit shall be <br />twice the required occurrence limit <br /> <br />CGL will be inclusive of Auto Liability Insurance. Insurance Services Office Form <br />Number CA 0001 covering, Code 1 (any auto), or if Instructor has no owned autos,
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