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SHOPPER MARKETING GROUP, INC.
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Last modified
9/15/2022 2:45:26 PM
Creation date
9/15/2022 2:44:41 PM
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Contracts
Company Name
SHOPPER MARKETING GROUP, INC.
Contract #
N-2022-265
Agency
Parks, Recreation, & Community Services
Expiration Date
9/18/2022
Insurance Exp Date
1/1/1900
Destruction Year
2027
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#85200 <br />form of an endorsement to the Contractor's insurance (at least as broad as ISO <br />Form CG 20 10 1185 or if not available, through the addition of both CG 20 10, <br />CG 20 26, CG 20 33, or CG 20 38; and CG 2037 if a later edition is used). <br />2. Primary Coverage. For any claims related to this contract, the Contractor's <br />insurance coverage shall be primary coverage at least as broad as ISO CG 20 01 <br />04 13 as respects the City, its officers, officials, employees, and volunteers. Any <br />insurance or self-insurance maintained by the City, its officers, officials, <br />employees, or volunteers shall be excess of the Contractor's insurance and shall <br />not contribute with it. <br />3. Notice of Cancellation. Each insurance policy required above shall provide that <br />coverage shall not be canceled, except with notice to the City. <br />4. Waiver of Subrogation. Contractor hereby grants to City a waiver of any right <br />to subrogation that any insurer of said Contractor may acquire against the City by <br />virtue of the payment of any loss under such insurance. Contractor agrees to <br />obtain any endorsement that maybe necessary to affect this waiver of subrogation, <br />but this provision applies regardless of whether or not the City has received a <br />waiver of subrogation endorsement from the insurer. <br />5. Self -Insured Retentions. Self -insured retentions must be declared to and <br />approved by the City. The City may require the Contractor to purchase coverage <br />with a lower retention or provide proof of ability to pay losses and related <br />investigations, claim administration, and defense expenses within the retention. <br />The policy language shall provide, or be endorsed to provide, that the self -insured <br />retention may be satisfied by either the named insured or City. <br />6. Acceptability of Insurers. Insurance is to be placed with insurers authorized to <br />conduct business in the state with a current A.M. Best's rating of no less than <br />AXII, unless otherwise acceptable to the City. <br />7. Claims Made Policies. If any of the required policies provide claims -made <br />coverage: <br />a. The retroactive date must be shown, and must be before the date of the <br />contract or the beginning of contract work. <br />b. Insurance must be maintained and evidence of insurance must be provided <br />for at least five (5) years after completion of the contract of work. <br />c. If coverage is canceled or non -renewed, and not placed with another <br />claims -made policy form with a retroactive date prior to the contract <br />4 <br />
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