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Agenda Packet_2024-05-21
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Agenda Packet_2024-05-21
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Clerk of the Council
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5/21/2024
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4. Professional Liability(Errors and Omissions): Insurance appropriate to the <br /> Contractor's profession, with limit no less than $1,000,000 per occurrence or claim, <br /> $2,000,000 aggregate. <br /> If the contractor maintains broader coverage and/or higher limits than the minimums shown <br /> above,the City requires and shall be entitled to the broader coverage and/or higher limits <br /> maintained by the contractor. <br /> Other Insurance Provisions <br /> The insurance policies are to contain, or be endorsed to contain,the following provisions: <br /> Additional Insured Status <br /> The City, its officers, officials, employees, and volunteers are to be covered as additional <br /> insureds on the CGL policy with respect to liability arising out of work or operations performed <br /> by or on behalf of the Contractor including materials, parts or equipment furnished in <br /> connection with such work or operations. General liability coverage can be provided in the form <br /> of an endorsement to the Contractor's insurance (at least as broad as ISO Form CG 20 10 1185 <br /> or both CG 20 10, CG 20 26, CG 20 33, or CG 20 38; and CG 20 37 forms if later revisions used). <br /> Primary Coverage <br /> For any claims related to this contract,the Contractor's insurance coverage shall be primary <br /> insurance coverage at least as broad as ISO CG 20 0104 13 as respects the City, its officers, <br /> officials, employees, and volunteers. Any insurance or self-insurance maintained by the City, its <br /> officers, officials, employees, or volunteers shall be excess of the Contractor's insurance and shall <br /> not contribute with it. <br /> Notice of Cancellation <br /> Each insurance policy required above shall provide that coverage shall not be canceled, except <br /> with notice to the City. <br /> Waiver of Subrogation <br /> Contractor hereby grants to City a waiver of any right to subrogation which any insurer of said <br /> Contractor may acquire against the City by virtue of the payment of any loss under such <br /> insurance. Contractor agrees to obtain any endorsement that may be necessary to affect this <br /> waiver of subrogation, but this provision applies regardless of whether or not the City has <br /> received a waiver of subrogation endorsement from the insurer. <br /> Self-Insured Retentions <br /> Self-insured retentions must be declared to and approved by the City.The City may require the <br /> Contractor to purchase coverage with a lower retention or provide proof of ability to pay losses <br /> and related investigations, claim administration, and defense expenses within the retention.The <br /> policy language shall provide, or be endorsed to provide,that the self-insured retention may be <br /> satisfied by either the named insured or City. <br /> City Council 18 — 30 5/21/2024 <br />
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