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FIFTH ASSET, INC. dba DEBTBOOK
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FIFTH ASSET, INC. dba DEBTBOOK
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Last modified
8/8/2024 3:38:59 PM
Creation date
6/15/2022 12:27:10 PM
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Contracts
Company Name
FIFTH ASSET, INC. dba DEBTBOOK
Contract #
N-2022-171
Agency
Finance & Management Services
Expiration Date
5/14/2023
Insurance Exp Date
11/1/2024
Destruction Year
2028
Notes
For Insurance Exp. Date see Notice of Compliance
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Exhibit B <br />Addtional Customer Terms <br />Insurance. DebtBook shall provide insurance coverage at least as broad as <br />1. Commercial General Liability (CGL), Insurance Services Office Form CG 00 01 covering CGL <br />on an "occurrence" basis, including products and completed operations, property damage, bodily injury and <br />personal & advertising injury with limits no less than $1,000,000 per occurrence. If a general aggregate limit <br />applies, either the general aggregate limit shall apply separately to this project/location (ISO CG 25 03 or 25 <br />04) or the general aggregate limit shall be twice the required occurrence limit. <br />2. Automobile Liability. Insurance Services Office Form Number CA 0001 covering, Code 1(any <br />auto), or if DebtBook has no owned autos, Code 8 (hired) and 9 (non -owned), with limit no less than $1,000,000 <br />per accident for bodily injury and property damage. (Not required if consultant does not require an automobile <br />to perform services) <br />3. Workers' Compensation. Workers' Compensation insurance as required by the State of <br />California, with Statutory Limits, and Employer's Liability Insurance with limit of no less than $1,000,000 per <br />accident for bodily injury or disease. (Not required If consultant provides written verification it has no <br />employees) <br />4. Professional Liability (Errors and Omissions). Professional liability insurance appropriate to <br />DebtBook's profession, with limit no less than $1,000,000 per occurrence. <br />If DebtBook maintains broader coverage and/or higher limits than the minimums shown above, <br />Customer requires and shall be entitled to the broader coverage and/or the higher limits maintained by the <br />contractor. Any available insurance proceeds in excess of the specified minimum limits of Insurance and <br />coverage shall be available to Customer. <br />Other Insurance ProNsIons. The insurance policies are to contain, or be endorsed to contain, the following <br />provisions: <br />1. Additional Insured Status. Customer, its officers, officials, employees, and volunteers are to <br />be covered as additional insureds on the CGL policy with respect to liability arising out of work or operations <br />performed by or on behalf of DebtBook including materials, parts, or equipment furnished in connection with <br />such work or operations. General liability coverage can be provided in the form of an endorsement to <br />DebtBook's insurance (at least as broad as ISO Form CG 20 10 1185 or both CG 20 10, CG 20 26, CG 20 33, <br />or CG 20 38; and CG 20 37 forms if later revisions used). <br />2. Primary Coverage. For any claims related to this contract, DebtBook's insurance coverage <br />shall be primary insurance primary coverage at least as broad as ISO CG 20 010413 as respects Customer, <br />its officers, officials, employees, and volunteers. Any insurance or self-insurance maintained by Customer, its <br />officers, officials, employees, or volunteers shall be excess of DebtBook's insurance and shall not contribute <br />with it. <br />3. Notice of Cancellation. Each insurance policy required above shall state that coverage shall <br />not be canceled, except with notice to Customer. <br />4. Waiver of Subrogation. DebtBook hereby grants to Customer a waiver of any right to <br />subrogation which any insurer of said DebtBook may acquire against Customer by virtue of the payment of any <br />loss under such insurance. DebtBook agrees to obtain any endorsement that may be necessary to affect this <br />waiver of subrogation, but this provision applies regardless of whether or not Customer has received a waiver <br />of subrogation endorsement from the insurer. <br />5. Self -Insured Retentions. Self -insured retentions must be declared to and approved by <br />Customer. Customer may require DebtBook to purchase coverage with a lower retention or provide proof of <br />
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