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CHERRY BEKAERT ADVISORY, LLC
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Last modified
10/16/2024 2:34:13 PM
Creation date
8/26/2024 5:10:32 PM
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Contracts
Company Name
CHERRY BEKAERT ADVISORY, LLC
Contract #
A-2024-125
Agency
Finance & Management Services
Council Approval Date
8/20/2024
Expiration Date
8/19/2027
Insurance Exp Date
10/1/2025
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2. Automobile Liability: ISO Form Number CA 00 01 covering any auto (Code 1) with <br />a limit no less than $1,000,000 combined single limits. In the event Consultant does <br />not maintain commercial automobile insurance. <br />3. Workers' Compensation: as required by the State of California, with Statutory Limits, <br />and Employer's Liability Insurance with limit of no less than $1,000,000 per accident <br />for bodily injury or disease. <br />4. Professional Liability Insurance: with limits no less than $1,000,000 per occurrence <br />or claim, and $2,000,000 aggregate. <br />5. Broader Coverage: if the Consultant maintains broader coverage and/or higher limits <br />than the minimums shown above, the City requires and shall be entitled to the broader <br />coverage and/or the higher limits maintained by the Consultant. Any available <br />insurance proceeds in excess of the specified minimum limits of insurance and <br />coverage shall be available to the City. <br />b. Other Insurance Provisions <br />1. Additional Insured Status: The City, its City Council, its officers, officials, <br />employees, and volunteers are to be covered as additional insureds on the Consultant's <br />CGL, Professional Liability, and Automobile Liability policies, with respect to liability <br />arising out of work or operations performed by or on behalf of the Consultant including <br />materials, parts, or equipment furnished in connection with such work or operations. <br />2. Waiver of Subrogation: Consultant hereby grants to City a waiver of any right to <br />subrogation that any insurer of said Consultant may acquire against the City by virtue <br />of the payment of any loss under such insurance. Consultant agrees to obtain any <br />endorsement that may be necessary to affect this waiverof subrogation, but this <br />provision applies regardless of whether or not the City has received a waiver of <br />subrogation endorsement from the insurer, <br />3. Primary Coverage: For any claims related to this contract, the Consultant's insurance <br />coverage shall be primary. Any insurance or self-insurance maintained by the City, its <br />officers, officials, employees, or volunteers shall be excess of the Consultant's <br />insurance and shall not contribute with it. <br />4. Severability of Interest: A severability of interest provision must apply for all the <br />additional insureds, ensuring that Consultant's insurance shall apply separately to each <br />insured against whom a claim is made or suit is brought, except with respect to the <br />insurer's limits of liability. <br />5. Notice of Cancellation: Each insurance policy required above shall provide that <br />coverage shall not be canceled, voided, reduced in coverage or in limits, non -renewed <br />by the carrier, or materially changed except after thirty (30) days prior written notice <br />
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