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Last modified
12/3/2025 1:40:01 PM
Creation date
12/17/2024 10:42:45 AM
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Contracts
Company Name
CIRCLEPOINT
Contract #
A-2023-194-28
Agency
Planning & Building
Council Approval Date
11/7/2023
Expiration Date
11/7/2028
Insurance Exp Date
10/1/2026
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DP004180072025 <br /> Cirdepoint <br /> L. Policy Territory <br /> Coverage under this Policy applies to Claims made in any jurisdiction in the world. If a Claim is made outside <br /> the United States of America and its territories and possessions, Puerto Rico or Canada: <br /> 1. We shall have the right but not the duty to investigate, defend or settle any such Claims brought against <br /> you. <br /> 2. If we do not exercise such right, you shall, under our supervision, arrange for such investigation and <br /> defense of the Claim as is reasonably necessary, and subject to our prior authorization, shall effect such <br /> settlement thereof as we and you deem expedient; <br /> 3. Subject to the terms of this Policy, we will reimburse the Named Insured for the reasonable cost of such <br /> investigation and defense and the amount of any such settlement or judgment. <br /> 4. Such reimbursement shall be made in United States currency at the conversion rate published in The Wall <br /> Street Journal on the date the judgment is rendered or the date that the amount of the settlement is <br /> agreed upon or the date expenditure is made. <br /> M. Representations <br /> By accepting this Policy,you agree that: <br /> 1. the statements made and information contained in the Application for this insurance furnished to us are <br /> true, accurate and complete, and are representations that the Named Insured made on behalf of all <br /> Insureds;and <br /> 2. we have issued this Policy in reliance upon those representations. <br /> If such representations or such information are not true, accurate and complete, this Policy shall be null and <br /> void in its entirety and we shall have no liability hereunder. <br /> N. Severability <br /> Misrepresentations, concealment, breach of condition or violation of any duty under this Policy by one <br /> Insured shall not prejudice the interest or coverage of another Insured under this Policy. <br /> O. Subrogation and Recovery <br /> In the event of any payment under this Policy,we will be subrogated to all of your rights of recovery therefore <br /> against any person or organization,and you shall execute and deliver instruments and papers and do whatever <br /> else is necessary to secure such rights.You shall do nothing to prejudice such rights. <br /> We will have no rights of subrogation against any Insured hereunder, or against your clients if prior to the <br /> Claim, a waiver of subrogation was so required and accepted under a specific contractual undertaking by you <br /> for such client. <br /> Any recoveries shall be applied first to us up to the amount we have paid for Damages and Claim Expense; <br /> then,to you as recovery of Deductible amounts paid as Damages and Claim Expense. <br /> DP 0001(Ed.02 11) Page 10 of 10 <br /> 87749094 1 25-26 GL/AU/UMB/E&0; 25-26 Cyber I Emily Elsbree 1 10/24/2025 12:14:48 PM (PDT) I Page 9 of 9 <br />
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