IPS GROUP, INC. 2-2014 - Laserfiche WebLink

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or self-insurance programs maintained by the City; and (c) contain standard separation of insureds provisions. 10.1.2 Business automobile liability insurance, or equivalent form, with a combined single limit of not less than $1,000,000 per occurrence. Such insurance shall include coverage for owned, hired and non -owned automobiles. 10.1.3 Worker's Compensation Insurance. In accordance with the provisions of Section 3300 of the Labor Code, Consultant, if IPS is required to be insured against liability for worker's compensation or to undertake self-insurance. Prior to commencing the performance of the work under this Agreement, IPS agrees to obtain and maintain any employer's liability insurance with limits not less than $1,000,000 per accident 10.1.4 Professional liability (errors and omissions) insurance, with a combined single limit of not less than $1,000,000 per claim. 10.1.5 The following requirements apply to the insurance to be provided by IPS pursuant to this section: (i) IPS shall maintain all insurance required above in full force and effect for the entire period covered by this Agreement (ii) Certificates of insurance shall be furnished to the City upon execution of this Agreement and shall be approved in form by the City Attorney. (iii) Certificates and policies shall state that the policies shall not be canceled or reduced in coverage or changed in any other material aspect without thirty (30) days prior written notice to the City. 10.1.6 If IPS fails or refuses to produce or maintain the insurance required by this section or fails or refuses to furnish the City with required proof that insurance has been procured and is in force and paid for, the City shall have the right, at the City's election, to forthwith terminate this Agreement Such termination shall not affect Consultant's right to be paid for its time and materials expended prior to notification of termination. Consultant waives the right to receive compensation and agrees to indemnify the City for any work performed prior to approval of insurance by the City. 11. Defense and Indemnification. 11.1. IPS agrees to defend and indemnify City, its City Council, boards and commissions, officers, agents, and employees, from and against any or all loss, damages, liability, claims, suits, costs, expenses, and judgments, whatsoever, including reasonable attorneys fees, arising from the negligent or willful acts, errors or omissions of IPS or IPS's officers, agents, employees or subcontractors, in the performance of services, activities or work conducted pursuant to this Agreement. IPS shall not be required to indemnify the City in any form as a result of negligent or willful acts, errors or omissions of the City. 11.2. Limits of Liability: Any damages claimed for any reason under this contract shall not exceed the value of the contract itself. 12. Liens and Taxes.