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IK CONSULTING, LLC
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Last modified
12/18/2024 1:27:26 PM
Creation date
10/14/2024 11:22:19 AM
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Contracts
Company Name
IK CONSULTING, LLC
Contract #
A-2024-152
Agency
Information Technology
Council Approval Date
10/1/2024
Expiration Date
12/31/2026
Insurance Exp Date
12/8/2025
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• The Policy shall include,or be endorsed to include, property damage liability coverage <br /> for damage to,alteration of, loss of,or destruction of electronic data and/or information <br /> "property" of the Agency in the care,custody,or control of the Consultant. <br /> • If the Consultant maintains broader coverage and/or higher limits than the minimums <br /> shown above,the City requires and shall be entitled to the broader coverage and/or the <br /> higher limitsmaintained by the Consultant. Any available insurance proceeds in excess <br /> of the specified minimum limits of insurance and coverage shall be available to the <br /> City. <br /> Other Insurance Provisions. The insurance policies are to contain, or be endorsed to <br /> contain, the following provisions: <br /> Additional Insured Status. The City, its officers,officials,employees,and volunteers are <br /> to be covered as additionalinsureds on the CGL policy with respect to liability arising out of work <br /> or operations performed by or on behalf of the Consultant including materials,parts, or equipment <br /> furnished inconnection with such work or operations. General liability coverage can be provided <br /> in the form of an endorsement to the Consultant's insurance (at least as broad as ISO Form CG 20 <br /> 10 11 85 or both CG 20 10, CG 20 26, CG 20 33, or CG 20 38; and CG 20 37 forms if later <br /> revisions used). Please note,if there is an insured vs. insured exclusion on the Consultant's policy, <br /> carefully reviewwith the Consultant and their insurance carrier on whether being added as an <br /> additional insured onto the Consultant's policy removes your organization's ability to file suit <br /> against the Consultant anddraw upon the policy should final adjudication in a lawsuit state that the <br /> Consultant shall pay damages to your organization. <br /> Primary Coverage. For any claims related to this contract, the Consultant's insurance <br /> coverage shall be primary. Coverage for commercial liability shall be at least as broad as ISO CG <br /> 20 01 04 13 as respectsthe City, its officers, officials, employees, and volunteers. Any insurance <br /> or self-insurance maintained by the City, its officers, officials, employees, or volunteers shall be <br /> excess of theConsultant's insurance and shall not contribute with it. <br /> Notice of Cancellation. Each insurance policy required above shall state that coverage <br /> shall not be canceled, except with notice to the City. <br /> Waiver of Subrogation. Consultant hereby grants to City a waiver of any right to <br /> subrogation which any insurer of saidConsultant may acquire against the City by virtue of the <br /> payment of any loss under such insurance. Consultant agrees to obtain any endorsement that may <br /> be necessary to affect this waiver of subrogation, but this provision applies regardless of whether <br /> or not the City has received a waiver of subrogation endorsement from the insurer. <br /> Self-Insured Retentions. Self-insured retentions must be declared to and approved by the <br /> City. The City may requirethe Consultant to provide proof of ability to pay losses and related <br /> investigations, claim administration, and defense expenses within the retention. The policy <br /> language shall provide,or be endorsed to provide, that the self-insured retention may be satisfied <br /> by either the namedinsured or City. <br /> Page 4 of 10 <br />
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