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Last modified
1/8/2024 3:12:24 PM
Creation date
1/8/2024 3:08:29 PM
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Contracts
Company Name
PRYMEINFIL
Contract #
N-2024-005
Agency
Police
Expiration Date
12/15/2024
Insurance Exp Date
1/1/1900
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iii. Notice of Cancellation <br />Each insurance policy required above shall provide that coverage shall not <br />be canceled, except with notice to the City. <br />c. Waiver of Subrogation <br />Pryme Infil hereby grants to City a waiver of any right to subrogation which any <br />insurer of said Contractor may acquire against the City by virtue of the payment of <br />any loss under such insurance. Pryme Infil agrees to obtain any endorsement that may <br />be necessary to affect this waiver of subrogation, but this provision applies regardless <br />of whether or not the City has received a waiver of subrogation endorsement from the <br />insurer. <br />d. Self -Insured Retentions <br />Self -insured retentions must be declared to and approved by the City. The Entity may <br />require the Pryme Infil to purchase coverage with a lower retention or provide proof <br />of ability to pay losses and related investigations, claim administration, and defense <br />expenses within the retention. The policy language shall provide, or be endorsed to <br />provide, that the self -insured retention may be satisfied by either the named insured or <br />City. <br />e. Acceptability of Insurers <br />Insurance is to be placed with insurers authorized to conduct business in the state with <br />a current A.M. Best's rating of no less than A:VIl, unless otherwise acceptable to the <br />City. <br />f. Verification of Coverage <br />Pryme Infil shall furnish the City with original Certificates of Insurance including all <br />required amendatory endorsements (or copies of the applicable policy language <br />effecting coverage required by this clause) and a copy of the Declarations and <br />Endorsement Page of the CGL policy listing all policy endorsements to City before <br />work begins. However, failure to obtain the required documents prior to the work <br />beginning shall not waive the Contractor's obligation to provide them. <br />g. The City reserves the right to require complete, certified copies of all required <br />insurance policies, including endorsements required by these specifications, at any <br />time. <br />h. Special Risks or Circumstances <br />City reserves the right to modify these requirements, including limits, based on the <br />nature of the risk, prior experience, insurer, coverage, or other special circumstances. <br />
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