Laserfiche WebLink
(2) Primary Coverage: For any claims related to this contract, the <br />District's insurance coverage shall be primary coverage at least as broad <br />as ISO CG 20 01 04 13 as respects the City, its officers, officials, <br />employees, and volunteers. Any insurance or self-insurance maintained <br />by the City, its officers, officials, employees, or volunteers shall be <br />excess of the District's insurance and shall not contribute with it. <br />(3) Notice of Cancellation: Each insurance policy required above shall <br />provide that coverage shall not be canceled, except with notice to the <br />City. <br />(4) Waiver of Subrogation: District hereby grants to City a waiver of any <br />right to subrogation that any insurer of said District may acquire against <br />the City by virtue of the payment of any loss order such insurance. <br />District agrees to obtain any endorsement that may be necessary to affect <br />this waiver of subrogation, but this provision applies regardless of <br />whether or not the City has received a waiver of subrogation <br />endorsement from the insurer. <br />(5) Self -Insured Retentions: Self -insured retentions must be declared to <br />and approved by the City. The City may require the District to purchase <br />coverage with a lower retention or provide proof of ability to pay losses <br />and related investigations, claim administration, and defense expenses <br />within the retention. The policy language shall provide, or be endorsed <br />to provide, that the self -insured retention may be satisfied by either the <br />named insured or City. <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. Best's <br />rating of no less than A:VII, unless otherwise acceptable to the City. <br />(7) Verification of Coverage: District shall furnish the City with original <br />Certificates of Insurance including all required amendatory <br />endorsements (or copies of the applicable policy language effecting <br />coverage requiredby this clause) and a copy of the Declarations and <br />Endorsement Page of the CGL policy listing allpolicy endorsements to <br />City before work begins. however, failure to obtain the required <br />documents prior to the work beginning shall not waive the District's <br />obligation to provide them. <br />The City reserves the right to require complete, certified copies of all <br />required insurance policies,including endorsements required by these <br />specifications, at any time. <br />Page 4 of 8 <br />