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VALBRIDGE PROPERTY ADVSIORS
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Last modified
12/18/2019 1:01:21 PM
Creation date
12/18/2019 12:56:02 PM
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Contracts
Company Name
VALBRIDGE PROPERTY ADVSIORS
Contract #
N-2019-253
Agency
COMMUNITY DEVELOPMENT
Expiration Date
9/30/2020
Insurance Exp Date
1/19/1900
Destruction Year
2025
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or occurrence arising out of Consultant's operations in the performance of this <br />Agreement, including, without limitation, acts involving vehicles. The amounts of <br />insurance shall be not less than the following: single limit coverage applying to <br />bodily and personal injury, including death resulting therefrom, and property <br />damage, in the total amount of $1,000,000 per occurrence, with $2,000,000 in the <br />aggregate. Such insurance shall (a) name the Successor Agency, its officers, <br />employees, agents, volunteers and representatives as additional insured(s); (b) be <br />primary and not contributory with respect to insurance or self-insurance programs <br />maintained by the Successor Agency; and (c) contain standard separation of <br />insureds provisions. <br />b. Business automobile liability insurance, or equivalent form, with a combined single <br />limit of not less than $1,000,000 per occurrence. Such insurance shall include <br />coverage for owned, hired and non -owned automobiles. <br />C. Worker's Compensation Insurance. In accordance with the provisions of Section <br />3700 of the Labor Code, Consultant, if Consultant has any employees, is required to <br />be insured against liability for worker's compensation or to undertake self- <br />insurance. Prior to commencing the performance of the work under this <br />Agreement, Consultant agrees to obtain and maintain any employer's liability <br />insurance with limits not less than $1,000,000 per accident. <br />d. If Consultant is or employees a licensed professional such as an architect or <br />engineer: Professional liability (errors and omissions) insurance, with a combined <br />single limit of not less than $1,000,000 per claim with $2,000,000 in the aggregate. <br />e. The following requirements apply to the insurance to be provided by Consultant <br />pursuant to this section: <br />(i) Consultant shall maintain all insurance required above in full force and <br />effect for the entire period covered by this Agreement. <br />(ii) Certificates of insurance shall be furnished to the Successor Agency upon <br />execution of this Agreement and shall be approved in form by the <br />Successor Agency Counsel. <br />(iii) Certificates and policies shall state that the policies shall not be canceled <br />or reduced in coverage or changed in any other material aspect without <br />thirty (30) days prior written notice to the Successor Agency. <br />(iv) Where the amounts or coverage provided by the certificates of insurance <br />provides coverage greater than those listed by this Agreement, the <br />amounts provided by the certificates of insurance shall be incorporated by <br />reference into the Agreement. <br />(v) Consultant shall supply Successor Agency with a fully executed additional <br />insured endorsement. <br />Page 3 of 9 <br />
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