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BLX GROUP, LLC
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Last modified
5/7/2025 10:08:30 AM
Creation date
5/7/2025 10:07:05 AM
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Contracts
Company Name
BLX GROUP, LLC
Contract #
N-2025-107
Agency
Finance & Management Services
Expiration Date
4/30/2028
Insurance Exp Date
6/1/2025
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Civic Center Plaza,M-17, Santa Ana, CA 92701.The name and location of the event <br /> should be included in the Description of Operations section of each certificate. <br /> Self-Insured Retentions <br /> Self-insured retentions must be declared to and approved by the City. The City may require the <br /> Consultant 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. <br /> Acceptability oflnsurers <br /> Insurance is to be placed with insurers authorized to conduct business in the state with a current <br /> A.M. Best's rating of no less than A:VII, unless otherwise acceptable to the City. <br /> Verification of Coverage <br /> Consultant shall furnish the City with original certificates including all required amendatory <br /> endorsements (or copies of the applicable policy language effecting coverage required by this <br /> clause) and a copy of the Declarations and Endorsement Page of the CGL policy listing all policy <br /> endorsements to the City before work begins, However, failure to obtain the required documents <br /> prior to the work beginning shall not waive the Consultant's obligation to provide them. The City <br /> reserves the right to require complete, certified copies of all required insurance policies, including <br /> endorsements required by these specifications, at any time. <br /> Claims Made Policies <br /> If any of the required policies provide claims-made coverage: <br /> 1. The Retroactive Date must be shown, and must be before the date of the contract or the <br /> beginning of contract work, <br /> 2. Insurance must be maintained and evidence of insurance must be provided for at least three (3) <br /> years after completion of the contract of work. <br /> 3.If coverage is canceled or non-renewed,and not replaced with another claims-made policy form <br /> with a Retroactive Date prior to the contract effective date, the Consultant must purchase <br /> "extended reporting" coverage for a minimum of three (3) years after completion of work, <br /> Subcontractors <br /> Consultant shall require and verify that all sub-contractors maintain insurance meeting all the <br /> requirements stated herein, and Consultant shall ensure that City is an additional insured on <br /> insurance required from sub-contractors. <br /> Special Risks or Circumstances <br /> City reserves the right to modify these requirements, including limits, based on the nature of the <br /> risk,prior experience,insurer, coverage, or other special circumstances. <br /> Page 4 of 9 <br /> ##2045631vl <br />
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