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BEAN SPROUTS, LLC (2)
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BEAN SPROUTS, LLC (2)
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Last modified
2/11/2021 3:47:12 PM
Creation date
2/4/2021 5:20:57 PM
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Contracts
Company Name
BEAN SPROUTS, LLC
Contract #
A-2018-113-01
Agency
Parks, Recreation, & Community Services
Council Approval Date
5/1/2018
Expiration Date
9/17/2023
Insurance Exp Date
7/3/2021
Destruction Year
2028
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SPECIAL PROPERTY COVERAGE FORM <br />(a) Hazardous Substances <br />We will pay in any one occurrence <br />for the additional cost, not to <br />exceed $50,000, to repair or <br />replace Covered Property because <br />of contamination by a hazardous <br />substance. This includes the <br />expenses to clean up or dispose of <br />such property. Hazardous <br />substance means any substance <br />that is hazardous to human health <br />or that has been declared by a <br />government agency to be <br />hazardous to human health. <br />Additional cost in this extension <br />means those beyond what would <br />have been required had no <br />hazardous substance been <br />involved. <br />This limit is part of and not in <br />addition to the Limits of Insurance <br />for Covered Property. <br />(b) Expediting Expenses <br />With respect to your damaged <br />Covered Property, we will pay in <br />any one occurrence, up to <br />$50,000, for the reasonable and <br />necessary additional expenses <br />you incur to: <br />(i) Make temporary repairs; or <br />(ii) Expedite permanent repairs or <br />permanent replacement. <br />(c) Defense <br />If a claim or "suit" is brought <br />against you alleging that you are <br />liable for damage to property of <br />another in your care, custody or <br />control directly caused by <br />Equipment Breakdown we will <br />either: <br />(i) Settle the claim or "suit"; or <br />(ii) Defend you against the claim <br />or "suit," but keep for <br />ourselves the right to settle it <br />at any point. <br />(d) Supplementary Payments <br />We will pay, with respect to any <br />claim or "suit" we defend: <br />(i) All expenses we incur; <br />(ii) The cost of bonds to release <br />attachments, but only for bond <br />Form SS 00 07 07 05 <br />amounts within the Limit of <br />Insurance. We do not have to <br />furnish these bonds; <br />(iii) All reasonable expenses <br />incurred by you at our request <br />to assist us in the investigation <br />or defense of the claim or <br />"suit" including actual loss of <br />earnings up to $100 a day <br />because of time off from work; <br />(iv) All costs taxed against you in <br />any "suit" we defend; <br />(v) Prejudgment interest awarded <br />against you on that part of the <br />judgment we pay. If we make <br />an offer to pay the applicable <br />Limit of Insurance, we will not <br />pay any prejudgment interest <br />based on that period of time <br />after the offer; and <br />(vi) All interest on the full amount <br />of any judgment that accrues <br />after entry of the judgment and <br />before we have paid, offered <br />to pay, or deposited in court <br />the part of the judgment that is <br />within the Limit of Insurance <br />shown in the Declarations. <br />These payments will not reduce <br />the Limit of Insurance shown in the <br />Declarations. <br />(e) Business Income and Extra <br />Expense Extension <br />The Business Income and Extra <br />Expense Additional Coverages are <br />extended to provide coverage for a <br />tenant who has a loss of income <br />from the lack of heating, cooling or <br />power as a result of equipment <br />breakdown to mechanical, <br />electrical or pressure equipment of <br />the building owner. <br />(f) <br />If Equipment Breakdown Property <br />requires replacement due to an <br />Equipment Breakdown Accident, <br />we will pay your additional cost to <br />replace it with equipment that is <br />better for the environment, safer or <br />more efficient than the equipment <br />being replaced. However, we will <br />not pay more than 125% of what <br />the cost would have been to repair <br />or replace with nrnnertv nt <br />cF RAMmWmentDMsian <br />Jy/ 1'x REVIEWED & APPROVED BY.- <br />1,,; "° <br />wd <br />--� Risk janagement Analyst <br />
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