FULL AGENDA PACKET 2021-06-15 - Laserfiche WebLink

Home Browse Search

3) 4) 5) 6) 7) R) commercial liability shall be at [cast as broad as ISO CG 2001 04 13 as respects the Customer, its officers, officials, employees, and volunteers. Any insurance or self-insurance maintained by the Cuslomer, its officers, officials, employees, or volunteers Shall lie excess ol'NEOGOV's insurance and shall nut conu-ibute with it. Notice o/ Caneellatiou- Each insurance policy required above shall state that coverage shall not be canceled, except with notice to the Customer. Waiver of Subrogation- NCO(iOV hereby grunts to Customer a waiver of any tight to subrogation which any, insurer of NEOGOV may acquire against the Customer by virtue of the payment of any Ioss under such insurance. NEOGOV aarees to obtain any endol-semcltt that may he necessary to affect this waiver of subrogation, but this provision applies regardless of whether or not Costumer has re CivCd a waiver of subrogation cndorsentertt from the insurer. Self -Insured Retentions- Scl l=insutrd trtcntions must be declared to and approved by the Customer. The Cuslomer may require NEOGOV to provide proof of ability to pay losses and related investigations, claim administration, and defeltse expenses within the retention. The policy language shall provide,or be endorsed to provide, that the self -insured retclItion may he satisfied by either the ratmedinsured or Customer_ Acceptability of Insurers- Insurance is to be placed with insurers authorized to conduct bUSirleJS in the state with a Cuneu A.M. Best'.,, rating of no less than A-:Vll, utlless otherwise acceptable to the Customer. Claims Made Policies- If any of the required policies provide coverage oil a claims -made basis: a. The Retroactive Date must be shown and must be before the date of the contract or the beginning ol'comract Work- b. Inswancc roust be mairttairtcd dud cvidcnCC ul' insurance must be provided for at least/ire (5) years after completion of the contract o/'work. e. If coverage is Canceled or non-r'enewcd, and not replaced with another claims -made policY.fornt with a Retroactive Date prior to the contract effective date, NEOGOV must purchase "cxtcndcd reporting" coverage for a minimum of five (5) years after completion of contract work. Verification of Coverage- NEOGOV shall titrni. th cite Cutoma- with ori_inal Certificates of Insurance itrcludinc all required antendmory endorsements (or copies of the applicahle policy language effecting coverage reuuired by this clause) and a copy of the Declarations and Endorsement Page of the CtiE policy listing Lill policy endorsements to the CLIStonter before work begins_ However, tailtuc to obtain the required documents prior to the work beginning shall not waive the NEOGOV's obligation to provide City Council 21 — 16 6/15/20241 f 8